CBS News
Haven’t filed your taxes yet? Here’s how to get an extension from the IRS.
If you’re one of the millions of Americans who have procrastinated filing their taxes ahead of the April 15 deadline, there is a way to get some breathing room: File for an extension.
The step gives taxpayers until October 15 to file their federal tax returns, and the process is fairly quick — and also free. About 90 million people have filed their 1040s with the IRS as of March 29, the tax agency says. But as it expects about 128.7 million tax returns this year, that means almost 40 million people have pushed off filing until the last two weeks of the regular tax season.
Almost half of Americans delay working on their taxes, a new survey from tax prep company TaxAct found. Many are stressed by the task, but more than 1 in 4 is worried about owing money to the IRS, the study found.
“Some people don’t want to pay the balance due, and say, ‘I’ll let the government come after me,'” Mark Jaeger, vice president of Tax Operations, at TaxAct, told CBS MoneyWatch.
But other taxpayers may have had a major life event, like the birth of a child, that prompted them to put off their taxes, he noted. Sometimes an individual’s tax forms can be delayed, which then causes the taxpayer to scramble, once the forms arrive, to get their 1040s filed by April 15.
The good news is that getting an extension “is actually pretty simple,” Jaeger said.
How to request an extension
The IRS will give taxpayers an automatic extension if they file Form 4868. This one-page document asks for basic information such as your name, address and Social Security number.
There’s another way to request an extension that’s even easier, Jaeger said.
“The simplest way is to go through a do-it-yourself tax software or go to the IRS website and make a payment,” he said. “Simply by making a payment, you are filing an extension.”
Indeed, the IRS says it automatically counts payments made by the April 15 deadline as an extension, and by taking that step, you won’t even need to file a separate Form 4868.
You can make a payment via the IRS’ Direct Pay, the Electronic Federal Tax Payment System or with a credit or debit card or digital wallet.
If I get an extension, can I delay paying the IRS?
Nope. That’s because receiving an extension to file isn’t an extension to pay what you owe the IRS.
“Taxpayers who owe should pay their entire obligation, or as much as they can, by the April 15 deadline to avoid penalties and interest,” the IRS said on Thursday.
Knowing how much to pay the IRS can be tricky for people who haven’t yet filed their taxes, but Jaeger recommends looking at your federal tax payment in the prior year. If you paid, for example, $5,000 in the prior tax year, but have only paid $4,000 in the 2023 tax year, you should send the IRS a payment for the $1,000 difference, he noted.
What is the penalty for failing to pay?
The IRS charges a penalty if you don’t pay what you owe the government, the amount if which is based on the percentage of the taxes you didn’t pay.
For instance, if you file an extension and owe the IRS but don’t pay by April 15, you’ll face the penalty. The IRS charges 0.5% of the unpaid taxes for each month, with a cap of 25% of the unpaid taxes.
What is the fine for failing to file?
The IRS also levies a fine if you don’t file or ask for an extension by April 15.
The failure-to-file penalty is 5% of unpaid taxes for each month or part of the month that the tax return is late. The fine is capped at 25% of your unpaid taxes.
People who both neglect to file and fail to pay what they owe won’t have to pay both fines, however. The IRS said it reduces the failure-to-file penalty by the amount of the failure-to-pay penalty for that month, so that the taxpayer will face a combined total penalty of 5% for each month their return is late.
What if I can’t pay what I owe the IRS?
The IRS will set up a payment plan with taxpayers who can’t afford to pay the full amount they owe the tax agency.
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The number of people killed and/or wounded in shootings over the Fourth of July week in the U.S. dipped this year, making it the fourth year in a row gun violence around July 4 has dropped, according to a tally by the Gun Violence Archive.
From July 1 to July 7, 340 people were killed and 756 were wounded for a total of 1,096 shooting victims across the U.S., according to the Gun Violence Archive. In 2023, the week of July 4 in the U.S. saw 451 people shot and killed and another 1,130 wounded. These numbers exclude those who died by suicide.
The archive also recorded 20 mass shootings —which it defines as a shooting in which four or more people are shot and/or killed, not including the shooter— over Fourth of July week this year. That was down from 28 a year ago.
Chicago, which saw a spike in gun violence this year, had the most shootings and deaths over the 2024 holiday, with more than 100 shot and 19 killed since Wednesday, according to the Chicago Police Department. That was a 91% increase in shooting victims compared with last year.
In 2022, the Illinois suburb of Highland Park was the site of a devastating mass shooting in which seven people were killed and dozens more were wounded when a gunman opened fire on the city’s Fourth of July parade. That parade returned this year for the first time since the shooting.
Gun violence in Chicago made Illinois have the most individual shooting incidents of any state over the holiday week this year. California also saw a fairly high number of shooting incidents this year, which is unsurprising given that it is the nation’s most populous state.
The number of shooting victims over the Fourth of July week has been dropping every year since 2020, but they still remain above 2019 levels. That year, there were 1,177 total victims, with 318 deaths and another 859 people wounded. The numbers then spiked in 2020, when 536 people were killed and 1,172 were wounded, for a total of 1,708 gunshot victims.
The Gun Violence Archive also recorded 34 mass shootings in 2020, the highest number over the last six years and a leap up from 18 in 2019.
The U.S. has also seen a slight dip in gun violence overall in the first half of 2024 compared with last year. From Jan. 1 through June 30 of last year, 9,683 people were killed and 18,630 people were wounded in shootings. Over that same period this year, 8,539 were killed with another 16,192 were wounded.
— Erin Cauchi and Anna Schechter contributed reporting.
CBS News
The best Apple AirPods deals ahead of Prime Day 2024 offer great audio at record low prices
Apple
When it comes to headphones, Apple AirPods are massively popular. These crowd-pleasing earbuds pair easily with Apple devices (like your iPhone) and sound great, too. If you’re ready to see what all the fuss is about, you can save some serious cash on each model of the customer-loved earbuds right now, thanks to some must-see early Amazon Prime Day deals.
The second-generation AirPods Pro are Apple’s premium earbuds, with excellent noise cancellation, spatial audio, and waterproofing that makes them ideal candidates for wearing at the gym. There are also the more affordable AirPods that are great for casual listening. For Apple users wanting high-end over-ear headphones, AirPods Max are great for immersive sound.
Not sure which type of AirPods will work best for you? Be sure to check out our in-depth AirPods buyer’s guide for all the info you need to make a purchasing decision before these pre-Prime Day deals go away.
Apple AirPods Pro 2nd Generation: $169 ($80 off)
Apple
With up to 30 hours of battery life via their charging case, the sleek Apple AirPods Pro 2nd Generation wireless earbuds deliver exceptional listening time.
These upgraded earbuds surpass the original AirPods Pro in every way. An improved wireless chip and enhanced active noise cancellation give you an immersive listening experience, and their attractive curves make them even more pleasing to the eye.
For anyone who appreciates lengthy battery life and the very best sound quality, these are a fantastic choice. With all the upgrades over the previous model, the AirPods Pro 2nd Generation represent Apple’s most advanced earbuds yet.
This version of the AirPods now comes with a USB Type-C charging case that also supports wireless charging. Another feature we love: the touch controls built into the stems.
Regularly $249, you can score Apple AirPods Pro 2 for $169 at the Walmart Deals sale or at Amazon as an early Prime Day deal.
Apple AirPods (2nd Generation): $69 ($60 off)
Apple
Though not the newest model, the second-generation Apple AirPods are still a popular choice when it comes to earbuds. Keep in mind, these are not the Pro model, but they’re still worth grabbing.
For Apple users, these are the most seamless earbuds around. They connect effortlessly whenever you need them. While they work with any Bluetooth device that generates audio, they function at their best when they’re paired with an Apple device, such as an iPhone, iPad, Apple Watch, iMac or MacBook.
With a wireless charging case providing more than 24 hours of battery life, one-tap setup for Apple devices, and a low-latency wireless connection for immersive entertainment, it’s easy to see why these earbuds are a hit and continue to sell out.
If you want an affordable option with broad appeal, this version of the AirPods make an excellent everyday wireless earbud option.
Right now, you can grab a pair of AirPods (2nd Generation) for just $69, one of the lowest prices we’ve seen.
Apple AirPods (3rd generation): $129 ($74 off)
Apple
If you don’t need the fanciest AirPods, but still want something new, check out the third generation of the original AirPods. These are perfect for staying current and for everyday use — without breaking the bank.
These AirPods come packed with features like spatial audio, dynamic head tracking and longer battery life. You can get about 30 hours with the included MagSafe charging case. They’re not as advanced at the AirPods Pro 2nd Generation, but they generate really impressive audio.
These AirPods still receive regular Apple updates, so you’ll still get most of the new goodies the other newer models get.
Apple AirPods Max (Pink): $450 ($99 off)
Amazon
If you want to indulge in a luxurious pair of premium quality headphones and you’re already an Apple user, look no further than the AirPods Max. These headphones look just as good as they sound. And in our coverage of the 11 best spatial audio headphones and earbuds for 2024, these were a top pick.
With lavish cushioned ear cups, booming audio, spatial audio with dynamic head tracking, and absolutely fantastic active noise cancellation, the AirPods Max make a bold statement. Everyone will know what you’re wearing — and they’ll probably be jealous, because these things absolutely bump.
Plus, transparency mode lets you tune into your surroundings when needed. And at 15 hours of playtime, these headphones keep your music flowing all day. Beyond performance, the AirPods Max make a fashion statement with a range of stylish color options.
These are the perfect option for anyone looking for a pair of excellent over-the-ear headphones who also wants something stylish.
Currently, only the Pink AirPods Max colorway is on sale at Amazon for $450, so keep an eye out for the other models if you’re hoping to get another kind.
