"Accessed Mar. Taxpayers have a variety of options to consider when paying federal taxes. There is no need to file a paper or electronic Form 4868 when making a payment with IRS Direct Pay, the Electronic Federal Tax Payment System or by debit or credit card. Individual taxpayers who need additional time to file beyond the May 17 deadline can request a filing extension until Oct. 15 by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Individual Income Tax Return, Page 2.Accessed March 26, 2021. 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The IRS urges all taxpayers to check their withholding for 2020, especially those who made withholding adjustments in 2019 or had a major life change. Notifications can be turned off anytime in the browser settings. Taxpayers got an extension on the deadline to file and pay 2020 taxes. Filing this form gives you until October 15 to file a return. Tax bills accumulate more interest and fees the longer they remain unpaid. But there is no extension to pay. According to the IRS' website, taxpayers are allowed an automatic two-month extension to file and pay their federal income tax if they are a U.S. citizen or resident alien, and on the date of their return are: RELATED: IRS to begin issuing refunds this week on $10,200 unemployment benefits. To get an extension, taxpayers must estimate their tax liability on the extension form and pay any amount due. See. To get the extension, you must estimate your tax liability on this form and should also pay any amount due. If taxpayers fail to pay what they owe, interest will be charged from the regular due date until the tax is paid. IRS. To avoid any interest or late penalties, taxpayers should pay their estimated owed federal income tax by May 17, 2021. For the calendar quarter beginning July 1, 2020, the interest rate for underpayment is 3%. For taxpayers who cannot pay in full, the IRS encourages them to pay what they can and consider a variety of payment options available for the remaining balance. An amount determined as a deficiency (an amount you owe after an examination of your return). You can file Form 4868 electronically by accessing IRS . e-file . Individual tax filers, regardless of income, can use Free File to electronically request an automatic tax-filing extension. The usual penalty rate of 0.5% per month is reduced to 0.25%. 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