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No, you don't need to file an extension if you don't owe the IRS any money. You only need to file an extension if you need more time to pay.

The current law is you have three years to file for a refund and after that you forfeit it to the IRS. The IRS does not charge penalties to people that are owed refunds even if they are filing after due date (usually April 15). Just make sure you file within the 3 years.

But if you owe money, even if you file an extension, if you do NOT pay by April 15, then you will owe interest and penalties on the money you owe. The extension is form 4868 and can be filed online through IRS.gov e-file, or by mailing in the form. The extension is NOT an extension for time to PAY, it is just an extension for time to file.

Even if you are owed a refund, the IRS says that you are "required" to file if you made over the standard deduction. But in all reality, if they owe you money, they don't want to see you get it. If they owe you money, they don't care when or if you file, but they do like to keep tabs on you. There will be no penalties.

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Related Questions

File by the Deadline?

The most important thing to do when filing for a tax extension is to remember to submit paperwork by the deadline. The unfortunate reality is that a lot of people completely forget to do their taxes and require the extension after the deadline has passed. Missing the deadline can force you to pay incredibly high fees. You do not want to be financially penalized for simply forgetting to file paperwork by a certain deadline. The typical deadline for filing a tax extension electronically is April 15. If you remember to make this deadline, then you will not have to worry about paying extra fees.


What is the deadline for income taxes?

The deadline this year was to be April 15. However, the IRS extended this deadline to the 18th this year. It is possible to get an extension that could allow you to file as late as October.


When are the 2013 taxes due?

The 2013 tax deadline to file individual returns, or to request an extension, is April 15th, 2013. Payment on these taxes is also due by April 15th.


What is the date to file tax returns on extension?

For individuals and families, the tax extension deadline is October 15, which gives you a 6 month extension of time to file your taxes from the April 15 tax deadline. You can file your extension online with an e-file provider like FileLater (http://filelater.com).


What does filing for a tax extension do?

Filing an extension with the local or federal government allows the tax payer to "extend" the amount of time that is permitted to pay the taxes owed to the government.In the US of A, April 15th is the standard deadline date that taxes need to be turned in.Filing an extension will allow the tax payer to put off that deadline to a later date.


What is the deadline to do your taxes?

The deadline to do your taxes in the United States is typically April 15th each year.


When is the last day that you can send in federal income taxes?

The official deadline for 2012 was April 17th. If you applied for an extension, the deadline is October 15th. You can send your return even after that, but you can only get a refund up to 3 years after the filing deadline.


When are taxes due?

April 15 is the usual deadline for filing personal income taxes. However, for 2010 taxes, the deadline has been extended to April 18, 2011.


Extending the Tax Deadline?

If you're in the middle of doing your taxes and you're worried about meeting the approaching tax deadline, then there's a way to pay your taxes later without incurring a penalty. It's called filing an extension and it allows you to delay sending in your tax returns for up to six months. You'll have to file the extension by the regular deadline, as well as send in an estimated payment, but if for some reason you're not able to complete all the paperwork in time, then filing an extension will give you some breathing space.


What extension is there for gift tax when the donor obtain an automatic filing extension for income taxes?

When filing an extension for income taxes related to gift taxes, you are granted an automatic extension. As long as the paperwork is filed on time, an automatic 6 month extension is given.


When is the deadline for paying taxes if I owe money?

The deadline for paying taxes if you owe money is typically April 15th of each year.


What is the final date to file federal income taxes?

The final date to file federal income taxes in the United States is typically April 15. However, if this date falls on a weekend or a holiday, the deadline may be extended to the next business day. For 2023, the deadline is April 18 due to Emancipation Day. Taxpayers can also request an extension, allowing them to file by October 15, but any taxes owed are still due by the original deadline.