Updated. The deadline for filing your federal taxes this year is Tuesday, April 15th, 2014. If you file for an extension, you will automatically be extended by six months to Wednesday, October 15, 2014. Here’s how to e-File a official federal extension with the IRS in minutes for free (plus state extensions too!). Why bother with paper and stamps – do it all online, avoid getting hit with penalties, and get confirmation of receipt within hours.
Option #1: TaxACT
This is how I did my extension for the last two years. Just sign up with TaxACT.com and e-file your extension for free through them. It’s quick. It’s easy. You don’t even need to actually use them to file your taxes later, although TaxACT is also free for federal taxes with e-File included regardless of income and $17.99 for state returns with e-File included.
(That’s cheaper than TurboTax or TaxCut, although if you’re already familiar with those programs it may be worth the extra bucks to stick with them, since you can save time by importing your previous year’s data.)
First, register for free at TaxACT.com with your e-mail address and pick a password. To go directly to the extension form, click on the “Filing” tab on the top, and then the “File Extension” link right below it (see below). You will then be guided through the Form 4868 in a question-and-answer format. You will then be able to have the form filed electronically instantly (or you can print and snail mail).
If you don’t think you’ll owe any taxes, you can just put down zero as your expected tax liability. If you wish to make a tax payment, you will be able to choose to pay with direct withdrawal from a bank account (account and routing numbers required) or pay with a credit card (IRS fees apply).
Afterward, you can confirm the status of your extension e-file by going to efstatus.taxact.com. They will even send you a confirmation via e-mail or text message. I got my confirmation less than 3 hours after submission.
Free state tax extensions too! TaxACT will now even file out your state tax extension online if possible, otherwise they will provide guidance fill out all the paper form entries for you and all you have to do is print it out and mail it in. That’s how it worked for my state extension.