Tax season doesn’t always go according to plan. Maybe life got in the way, documents were missing, or you simply ran out of time. Whatever the reason, you filed a tax extension—now what?
At Lightening the Load, we know filing an extension can bring a sigh of relief, but it’s not the end of your tax journey. Here’s what to do next to stay on track and make the most of your extra time.
Understand What the Extension Really Means
Filing an extension gives you more time to file, not more time to pay. The IRS grants you an automatic 6-month extension—typically pushing your filing deadline to mid-October—but if you owed taxes in April, those payments were still due then. If you didn’t make a payment, interest and penalties may be adding up.
Now’s the time to calculate your tax liability if you haven’t already and make a payment as soon as possible to reduce those additional fees.
Get Organized
Use this extension wisely! Start by gathering all the necessary tax documents you may have been waiting on:
- W-2s or 1099s
- Expense receipts or deduction records
- Proof of any credits you’re eligible for
Organize them in a physical or digital folder so you’re not scrambling again before the new deadline.
Review, Plan, and File
Now that you have breathing room, take the opportunity to:
- Double-check for deductions and credits you may have missed in the rush
- Consult with a tax professional if you’re unsure about anything
- Start entering your information early so you’re not stuck with a last-minute crunch again
Make it your goal to file well before the extension deadline—there’s no benefit in waiting until the last second.
Don’t Forget About State Taxes
If you filed a federal extension, don’t assume your state return is automatically covered. Each state has different rules. Check with your state’s tax agency to confirm whether you also need to file an extension there and when that return is due.
We’re Here to Help
Need help figuring out what to do next or making sure your return is complete and accurate? That’s what we’re here for. At Lightening the Load, we specialize in taking the pressure off your shoulders and guiding you through the process—extension or not.
Let’s finish strong—no more scrambling, no more stress. Reach out today and let us lighten your load.
