On Tax Day, an Extension May Be Better Than Rushing a Return

On Tax Day, an Extension May Be Better Than Rushing a Return
A W-4 tax form in New York, on Feb. 5, 2020. Patrick Sison/AP Photo
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WASHINGTON—Monday is Tax Day—the federal deadline for individual tax filing and payments—and the IRS expects to receive tens of millions of last-minute filings electronically and through paper forms.

As of April 8, the IRS had received more than 103 million returns for this tax season, and it had issued more than 63 million refunds worth more than $204 billion.