In this video, Becky walks you through why filing an extension doesn’t delay what you owe—it only gives you more time to file, not more time to pay.

She explains how penalties can reach 25% if things are left unattended, and why coming in early gives you the chance to set up an installment agreement that can ease both the penalties and the stress.

She also talks about first-time penalty abatement—something many people don’t realize they may qualify for if they’ve been filing on time the past couple of years. And with the latest tax law changes, there’s a chance your situation could look different this year, whether that means a smaller balance due or even a larger refund.