automatic extensions

Automatic extensions are additional time granted by a governing authority, such as the IRS, allowing taxpayers extra days to file their tax returns or meet deadlines without penalties. Instead of manually requesting more time, the extension is automatically provided based on specific criteria. This helps ensure taxpayers have a fair opportunity to comply with deadlines, especially during unforeseen circumstances. However, an extension typically extends only the filing deadline, not the payment of any taxes owed, which may still be due by the original deadline to avoid interest and penalties.