Does a tax extension give me more time to pay?
Short answer: No. An extension moves the filing deadline to October 15, but tax is still due in April. Interest and penalties apply to anything paid late.
Form 4868 extends the federal filing deadline six months, to October 15. It does not extend the payment deadline.
If you owe, pay your best estimate by the April deadline. The failure-to-file penalty is much larger than the failure-to-pay penalty, so filing an extension still helps even if you cannot pay everything.
Utah gives an automatic filing extension with its own prepayment requirement. See our answer on Utah extensions for details.
General information from Davis Schuler & Associates, LLC, not advice for your situation. Tax rules and thresholds change; confirm the current rules before acting.
Want an Enrolled Agent to look at your situation?
A short call with an Enrolled Agent. No cost, no obligation.