Extension Filing refers to the process of requesting additional time to file your tax return beyond the standard deadline. In the United States, individuals can file Form 4868 with the IRS to receive an automatic six-month extension for submitting their federal income tax return. It’s important to note that while an extension grants more time to file, it does not extend the time to pay any taxes owed. Taxpayers are still required to estimate and pay their tax liability by the original deadline to avoid penalties and interest. Filing an extension is a useful option for those who need extra time to gather documents, address financial complexities, or seek professional assistance. Ensuring timely extension filing helps prevent unnecessary fines and ensures a more accurate tax return submission.