What if I have to extend my tax return?

I want to share how the new scheduling system will change the way we think about tax deadlines.

For most of us, April 15th is a date that feels like a looming deadline—a time to file and pay taxes, often with a sense of stress. This has been the reality since 1955, but I want to help make April 15th feel like just another day.

With our new scheduling system, you might not get your ideal time slot to complete your filing by April 15th, and that could mean extending your tax return. This might cause frustration—especially if you’re concerned about owing taxes. Let me assure you: extending your return can actually be a good thing, not a bad thing.

We will file your extension for you for free.

The benefits of extending your tax return

  • Every single tax return will get the attention it deserves and not be rushed to file on time

  • More time to collect your documents

  • No need to amend returns if you receive a corrected tax form

  • Can take advantage of retroactive tax laws

  • You get to be like Logan - he extends his tax returns every year

Addressing Your Concerns

“What if I owe taxes?”

If you owe taxes, you’ll need to know how much to pay by April 15th to avoid penalties. That’s where we come in—we’re here to help you figure it out.

In a perfect world, everyone (that normally owes taxes) would engage in year-round tax planning so there’s no guesswork when April rolls around. But we know that’s not always necessary, especially if you typically get refunds or already have a solid understanding of your tax situation.

So, what should you do if your tax return gets extended?

Nothing if you're expecting a refund.

  • If your tax situation is similar to last year and you received a refund, you don't need to do anything if you expect a refund.

Figure out your tax due if you're expecting to owe tax.

  • Option 1: Calculate your expected tax due yourself.

  • Option 2: Let us handle it for you—we’re happy to help.

Here’s a failure to pay penalty calculator to see the potential impact of paying after the 4/15 deadline: Graftaxco.com/failure-to-pay-calc

Consider making the following tax moves by 4/15 if you're getting extended and if you are eligible. You can apply the contributions to the previous tax year.

  • HSA contributions

  • Traditional and Roth IRA contributions

  • 529 Plan contributions