{"id":36738,"date":"2025-10-13T11:40:11","date_gmt":"2025-10-13T11:40:11","guid":{"rendered":"https:\/\/financialrush.com\/?p=36738"},"modified":"2025-10-13T11:40:11","modified_gmt":"2025-10-13T11:40:11","slug":"despite-government-shutdown-oct-15-is-the-tax-extension-deadline","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36738","title":{"rendered":"Despite government shutdown, Oct. 15 is the tax extension deadline"},"content":{"rendered":"

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Valentinrussanov | E+ | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Despite the government shutdown<\/a>, the Oct. 15 federal tax extension deadline<\/a> is fast approaching for many filers.<\/p>\n

The process could be harder for some taxpayers<\/a> after the IRS furloughed nearly half of its workforce<\/a> \u2014about 34,000 employees<\/a> \u2014 earlier this week, experts say.<\/p>\n

\u201cIt\u2019s going to be a long haul if you need any kind of specialized customer experience,\u201d said Jennifer MacMillan, president of the National Association of Enrolled Agents, whose members are tax professionals licensed by the IRS.<\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The original tax deadline<\/a> was April 15. If you couldn\u2019t meet that due date, you could submit Form 4868<\/a> for a six-month extension to file<\/a>. But your tax payment was still due on April 15.<\/p>\n

During fiscal 2024, the IRS received more than 20 million tax extension forms<\/a>, according to the latest agency projections. For 2025, it expects that number to be around 19.8 million.\u00a0<\/p>\n

Some taxpayers impacted by natural disasters<\/a> automatically have even more time to file beyond Oct. 15.<\/p>\n

If you missed the April 15 tax deadline, the\u00a0late payment penalty<\/a>\u00a0is 0.5% of your unpaid balance per month or partial month, capped at 25%. You will also\u00a0incur interest<\/a>\u00a0on unpaid taxes.<\/p>\n

By comparison, the\u00a0failure-to-file penalty<\/a>\u00a0is 5% of unpaid taxes per month or partial month, up to 25%. If you filed for an extension, this kicks in after Oct. 15.<\/p>\n<\/div>\n

\u2018Expect increased wait times\u2019<\/h2>\n
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Filers can \u201cexpect increased wait times, backlogs and delays implementing tax law changes as the shutdown continues,\u201d the National Treasury Employees Union said in a statement<\/a> Wednesday.<\/p>\n

\u201cTaxpayers around the country will now have a much harder time getting the assistance they need, just as they get ready to file their extension returns due next week,\u201d the organization said.<\/p>\n<\/div>\n

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However, some customer service representatives remain at work, according to a 2026 lapsed appropriations contingency plan<\/a> that went into effect Wednesday.<\/p>\n

\u201cDuring a government shutdown, there could be impacts to IRS services,\u201d said Elizabeth Young, director for tax practice and ethics with the American Institute of CPAs. \u201cHowever, electronic filing systems typically remain operational, so you can still file online.\u201d<\/p>\n<\/div>\n

Double-check your filing<\/h2>\n
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While it may be tempting to rush through your tax return to meet the Oct. 15 deadline, errors could cause IRS processing delays, according to Young.<\/p>\n

The IRS has \u201cvery sophisticated software\u201d that compares information returns, such as W-2s and 1099s, to what\u2019s reported on your filing, she previously told CNBC<\/a>.<\/p>\n

Most tax forms<\/a> arrived in January, February or March. But others may have taken longer, depending on your situation. You can compare your current-year return to last year\u2019s filing to avoid missed forms and information, experts say.<\/p>\n<\/div>\n

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