But as long as I've paid a certain percentage, I should be OK, right? LISA GREENE-LEWIS: Right. OK, so paying in the bill, maybe I don't have it down to the number. But definitely check that, because if you don't, then you get late file penalties. Depending on your state, if you get a federal extension, then they will automatically extend the state. TRACY BYRNES: And don't some states accept the federal extension? So people should check, right? LISA GREENE-LEWIS: Right. It's Form 4868, and you can also electronically file that form with TurboTax Easy Extension. That said, if you can't get it together and get it all pretty to present to Uncle Sam, you should file Form 4868, right? LISA GREENE-LEWIS: Right. So if you've done all the work, you might as well just file the return. Because you have to basically figure out how much you owe anyway. And then one thing I was going to bring up, if you have everything together, you should just go ahead and file, especially if you're thinking that it's an extension to pay, and it's really not. ![]() So if you owe money, you want to pay what you owe, even if you file an extension. OK, so first of all, who qualifies for a tax extension? LISA GREENE-LEWIS: Anyone can file for a tax extension, but one thing to know, that it is an extension to file and not to pay. Lisa Greene-Lewis, CPA and TurboTax expert, is here with us to explain. What do I do? There are many instances where you can extend it. ![]() ![]() I'm not going to get my tax return done in time. So everyone panics come April 18 this year.
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