Financial News
How to File or Extend
Taxpayers can file their returns electronically through the IRS Free File program, available to individuals with an adjusted gross income up to $84,000 . To request an extension, individuals can submit Form 4868 electronically or by mail. It's important to note that an extension to file is not an extension to pay; estimated taxes should be paid by the April 15 deadline to avoid penalties.
Disaster-Related Extensions
Certain areas affected by federally declared disasters have been granted automatic extensions. For example, storm victims in North Carolina have until September 25, 2025, to file and pay taxes originally due on April 15 . Taxpayers in these regions do not need to file any additional paperwork to qualify for the extension.
Refunds and Unclaimed Funds
Taxpayers expecting a refund should file as soon as possible, as there's no penalty for late filing if a refund is due . Additionally, the IRS reports that over $1 billion in unclaimed refunds from the 2021 tax year remain. Eligible taxpayers must file by April 15, 2025, to claim these funds.
Resources for Assistance
For those needing help, the IRS offers several resources:
IRS Free File: Available through October 20, 2025, for taxpayers with an adjusted gross income up to $84,000.
IRS Direct File: Expanded to 25 states, providing free online filing for approximately 30 million taxpayers .
Taxpayer Advocate Service: Offers guidance and assistance for resolving tax issues.
For more information and to access these services, visit IRS.gov.
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