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What Happens to Your Refund If You File for an Extension?

Have you ever looked at the calendar and realized you need to file your taxes right now, or you’re going to be late? Or have you stared at a growing pile of receipts and known deep in your heart that you are not going to get through it all in time?

Filing for an IRS extension is actually almost as easy as finding the IRS refund charts for 2020, though it does take a little bit more time. If you know you’re going to miss the deadline, you should seriously consider filing an extension, rather than being hit by late penalties and fees.  Your refund is exactly the same whether you file at the end of January, the beginning of April, or ask for an extension into the coming months. You owe the IRS a flat amount of taxes based on your income, period – there is no fluctuation!

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