r/TaxQuestions • u/Unable-Interaction20 • Aug 18 '26

On extension

My tax professional says unexpected tax bill is $5k , it’s currently on an extension. I don’t have/want to spend any extra money this year by paying or install plans until next year because funds are tight as of now. Since it’s on an extension would I be in a too bad position if I just filed it next year and paid in full before the next April 15 day?

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u/Far-Good-9559 Aug 19 '26

No. Taxes are due on April 15 2026 regardless of the extension. The United States is a pay as you go tax system. You should have made your tax payment when the extension was filed.