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Question 12

Deadlines and extensions are common sources of confusion. Filing an extension extends the time to file, not the time to pay. That means you may avoid late-filing penalties with an extension, but any tax owed is still due by the original deadline unless you also arrange payment. People who file extensions without paying often incur interest and late-payment penalties. Knowing which date controls filing versus payment helps you plan whether to estimate and pay with the extension or pay later and accept interest. This question checks the difference between filing and paying deadlines in simple terms.

What does filing a tax extension typically do?

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