It’s Tax Day! Can’t file on time? Not sure it’s right? H&R Block offers help filing tax extensions

small stopwatchThis year, an estimated 10 million taxpayers will apply for a tax filing extension, giving them six more months to prepare and file accurate tax returns. The extension also helps them avoid the 5-percent monthly failure-to-file penalty. Through April 15, clients who file an extension at participating H&R Block  tax offices are eligible for a special offer as long as they file their returns with H&R Block by the Oct. 15 deadline.

Rushing to file a tax return by the April 15 deadline can mean missing out on claiming valuable tax breaks and that can cause taxpayers to pay more in taxes than they actually owe. It’s very important that taxpayers understand an extension to file isn’t an extension to pay; any money owed is still due April 15. H&R Block can help taxpayers understand their payment options if there is a balance due.

H&R Block also is providing free extension filing online. As this is a one-stop resource for information about filing an extension, taxpayers also can find out how to pay any balance due conveniently and securely using a credit or debit card.

Taxpayers residing outside the country (including members of the military) routinely receive an additional two months to file, making their deadline Monday, June 16, this year.

Up to 1 in 6 Impacted by Expired Tax Benefits

Lynn Ebel, tax attorney at The Tax Institute, talks with the H&R Block newsroom about the impact expired tax benefits will have on taxpayers in 2015, including on teachers, students, homeowners and retirees.