Form 4868 gives you an automatic six-month extension of time to file your federal income tax return. Thus, for 2015 federal income tax returns that are due on April 18, 2016 (April 19 for those in Maine and Massachusetts) (the usual April 15 deadline has been extended because of legal holidays), the six-month extension gives you until October 17, 2016 (October 15 is a Saturday). By obtaining the extension, you avoid any late-filing penalties as long as you do file by the extended due date. For the extension to be effective, you must make your request no later than the original due date of the return.
An extension does not give the taxpayer an extension of time to pay. Those who owe taxes can make a payment when they file the extension either by mailing a check or by several electronic payment methods, such as electronic funds withdrawals from bank accounts and credit card payments.
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