Technologies
Can’t File Your Income Taxes by Today? You Need to File a Free Extension Now
The best tax software will let you file a federal income tax extension to give yourself six more months to finish your taxes.
Time’s up, US taxpayers. The deadline for filing your income taxes is today. You have until midnight tonight to submit your 2025 tax return electronically or have it postmarked.
If you’re not able to finish your 2025 tax return today, or if you’re still missing important tax documents, don’t fret. You can file a free tax extension with the IRS, which will give you another six months to complete and submit your tax return.
There’s no cost or penalty for filing a tax extension, and most tax software will help you complete the process in a few minutes. However, there are some critical details to be aware of before you make the decision to postpone your taxes for another six months.
Read on to find all of the details for filing a tax extension in 2026 and how it will affect your tax refund or the money that you owe.Â
What’s the deadline to file an income tax extension?
Along with the tax return submission deadline, there’s a deadline to file for a tax extension. You’ll need to submit it by 11:59 p.m. Wednesday, April 15, in your time zone. That’s also the tax filing deadline.
How to file an income tax extension in 2026
If you’re planning to file a tax extension this year, you’ll need to submit Form 4868 (PDF) to the IRS either by paper or electronically using e-file before the April 15 deadline. As long as your electronic extension is transmitted by midnight on April 15, or your letter is postmarked by that date, your extension should be good.
However, if you think that you owe taxes, you’ll need to pay your estimated income tax due using Direct Pay, the Electronic Federal Tax Payment System or using a debit or credit card. If you don’t pay your estimated taxes with your extension and owe money, you’ll have to pay interest on that money and a potential penalty when you file.
Some taxpayers are automatically granted more time to file. This includes military personnel serving in combat zones or people in federally declared disaster areas. US citizens who live outside the country have until June 17 to file.
Does an extension give you more time to pay your tax bill?
No. Extending your filing deadline doesn’t delay when you have to pay taxes that you may owe. According to the IRS, you need to estimate and pay at least 90% of your tax liability by the deadline to avoid late fees. Otherwise, you will have accrued interest on what you owe, which you’ll eventually have to pay — plus possible penalties — on top of your income taxes.
The late-payment penalty is usually 0.5% per month of the outstanding tax not paid by the filing deadline, maxing out at 25%. The IRS can also issue a late-filing penalty of 5% of the amount due for every month or partial month your tax return is late. If your return is filed more than 60 days after the due date, the minimum late-filing penalty is either $450 or 100% of the unpaid tax (whichever is less).
For individual taxpayers, penalties and interest will stop accruing only when your balance is paid in full. For more on penalties or to work out a payment plan with the IRS, check out its web page.
How is child tax credit money related to tax returns?
The child tax credit provides benefits for parents of children, allowing them to lower the amount they owe in taxes each year based on how many dependents they claim. If you had a new baby or gained a dependent, you can both decrease the amount of taxes you owe and increase the amount you may get back in a tax refund.
The Child Tax Credit allows families to receive up to $2,200 per eligible child under the age of 17, as long as certain income requirements are met. By not filing your taxes by the deadline, you could be missing out on up to $2,200 per child.
Will you receive your tax refund later if you file an extension?
Yes. The timeline for getting your income tax refund depends on when you file. But even though you have until Oct. 15 to submit your return if you file an extension, it doesn’t mean you have to wait that long to file.
Some tax refunds, especially for more complicated returns or those that need corrections, could take months to arrive. The IRS encourages taxpayers to file electronically and carefully review their details before submitting to avoid any errors that could potentially delay refunds. The agency also asks that you sign up for direct deposit to get your money even faster.
All of the ways you can file your 2025 tax return
The IRS says that taxpayers can file and schedule their federal tax payments online, by phone or with the mobile IRS2Go app.
If you need to find a tax software service to use, and you made $89,000 or less in 2025, you can find an IRS-approved free filing service easily. You’ll need to gather the following information: income statements (W2s or 1099s), any adjustments to your income, your filing status (single, married, filing jointly), and dependent information. If you made more than $89,000 last year, you still can use the IRS’ Free File Fillable Forms.
If you haven’t already made a tax payment, the IRS prefers that payments be made electronically and offers a variety of ways to do so, including IRS Direct Pay, which is directly linked to a checking or savings account. Another option is by credit card using the mobile IRS2Go app, or through the Electronic Federal Tax Payment System.
How to review your IRS tax account online
An easy way to review all your tax-related details, including your address and payment plan details, is to access your IRS account online. Taxpayers can use information from their accounts if they need to access their adjusted gross income, find their stimulus payment and child tax credit amounts, or review their estimated tax payments or credits. Accessing your tax transcript will give you all the records necessary if you have a tax problem or a missing payment.
If you have additional questions, you can visit the IRSÂ Interactive Tax Assistant to get help.Â
Technologies
Travelers and Staff Thwart Co-Pilot’s Suspected Bid to Down FlyDubai Plane Bound for Israel
Passengers and crew on a FlyDubai flight from Dubai to Tel Aviv overpowered a co-pilot who allegedly stabbed the pilot in an apparent attempt to crash the plane, forcing an emergency diversion to Saudi Arabia.
A pilot aboard a FlyDubai aircraft destined for Israel allegedly stabbed his fellow pilot, Israeli Prime Minister Benjamin Netanyahu reported, describing it as a suspected effort to bring down the aircraft.
Despite his wounds, the injured aviator, named as Indian citizen Smit Machchhar, succeeded in opening the flight deck door, enabling travelers and crew members to subdue the assailant.
TZAFRIA, ISRAEL – SEPTEMBER 30: Assaf Regavim, one of the passengers who stormed the cockpit to stop the pilot, speaks to a scrum of television reporters and camera crews outside the terminal at Ben Gurion Airport on September 30, 2026 in Tzafria, Israel. This morning, a Flydubai flight from Dubai to Tel Aviv was diverted to Saudi Arabia after a violent altercation in the cockpit. Passengers told media outlets that a pilot was stabbed and temporarily lost control of the plane. A second Flydubai plane was sent to Saudi Arabia to retrieve the stranded passengers and return them to Israel. (Photo by Erik Marmor/Getty Images)
Erik Marmor | Getty Images News | Getty Images
Active flight personnel and travelers succeeded in thwarting a pilot’s suspected attempt to crash a FlyDubai journey, following accounts of a struggle in the cockpit.
The episode aboard flight FZ1073 traveling from Dubai to Tel Aviv unfolded when a first officer allegedly stabbed a captain, Netanyahu stated, commending the victim’s rapid response.
“Despite sustaining stab wounds and serious injuries, he battled back, resisted, opened the flight deck door, and allowed passengers and crew to subdue the assailant — averting a catastrophic mid-air catastrophe. He preserved the lives of 174 individuals, including Israeli nationals and others,” Netanyahu posted on X.
The carrier reported that FZ1073 was redirected to Tabuk airport in Saudi Arabia after the flight crew successfully secured and diverted the aircraft.
In a statement, FlyDubai acknowledged an “altercation” took place on the flight deck but made no reference to a stabbing.
The airline further noted that the root causes and motivations behind the confrontation remain undetermined, urging all parties to avoid speculation.
Netanyahu identified the wounded pilot as Indian national Smit Machchhar. Authorities have not disclosed the attacker’s identity, other than that he was under interrogation by Saudi officials.
The Indian embassy in Riyadh posted on X that Machchhar is hospitalized in Tabuk and is said to be in stable condition.
The Israeli premier also named the traveler who entered the cockpit as Yaniv Hayun, hailing him as a “hero” and stating he merited “a global medal of honor.”
Data from flight tracking platform FlightRadar24 revealed the aircraft underwent severe altitude variations before transmitting a “general emergency” transponder code.
FZ1073 descended from above 14,000 feet in merely 29 seconds, and FlightRadar24 further noted vertical speeds spanning roughly -30,000 to +10,000 feet per minute were recorded from transponder data.
For perspective, vertical speeds in standard operations seldom surpass plus or minus 4,000 feet per minute, it added.
Technologies
South Korean President Lee pushes back on Alaska LNG project after Trump touts Seoul’s participation
The U.S. announced plans for up to $200 billion in South Korean investment, though Seoul has yet to finalize the participation in the Alaska LNG project.
South Korea’s $200 billion investment into the U.S., which President Donald Trump said would transform America “for generations,” is not a done deal in totality.
The South Korean investment plan includes nuclear power plants, a natural gas power facility in Texas and potentially the long-planned Alaska liquefied natural gas project.
Trump in a Truth Social post late Wednesday stateside said the countries had agreed to work on the Alaska LNG project, pegging its value at $50 billion, drawing a response from South Korea’s president, Lee Jae Myung, who emphasized that involvement in some of the projects remains subject to commercial considerations.
Lee in an X post on Thursday local time said that participation in the Alaska LNG project was dependent on its financial viability and legal compliance. He added that investments in nuclear power plants would also require assessment of commercial viability on a plant-by-plant basis.
The U.S.-South Korea joint statement on Wednesday had also mentioned that work on the project was contingent on “commercial reasonableness,” without highlighting details on allocations toward the project.
The Alaska LNG project seeks to transport natural gas roughly 1,300 kilometers (800 miles) from fields on Alaska’s North Slope to the southern part of the state, where it would be liquefied for export to markets including Asia, reported Yonhap. The project has faced long-standing questions over its economics given the large up-front investment required.
Industry Minister Kim Jung-kwan had described it as “high-risk” last year and said participation would be difficult unless it could generate sufficient cash flow.
Overall, the investment package includes $22.3 billion for a 6,472-megawatt natural gas power facility in Encinal, Texas, that will supply electricity to co-located data centers. The project will be led by developer Related Cos. and U.S. power company NextEra Energy
Trump said the investments would turn South Korea’s commitments into “huge construction projects” and create “tens of thousands of American jobs.”
“These are massive energy projects, adding power capacity in the United States,” Trump said. “This is new construction, new manufacturing, and great jobs for American workers.”
Another $120 billion has been allocated to plans for eight large-scale nuclear reactors in the U.S. Of that amount, $100 billion is earmarked for construction costs and $20 billion for contingency reserves.
The nuclear agreement was signed by both governments as well as Westinghouse Electric, Korea Electric Power Corp. and Korea Hydro & Nuclear Power. The plan also calls for pursuing a potential significant minority investment in Westinghouse by Korean companies, with the terms subject to commercial negotiations.
Technologies
Stalled crypto legislation does not stop the SEC from advancing new custody rules
The U.S. Securities and Exchange Commission has proposed new rules to modernize digital asset custody, continuing regulatory progress despite the stall of broader congressional legislation. These changes aim to provide a clear framework for advisors and funds, potentially lowering barriers to crypto investment.
The U.S. Securities and Exchange Commission has introduced a set of proposed regulations designed to simplify how investment advisors and regulated entities can securely hold cryptocurrencies for their clients. This regulatory move comes as federal agencies continue to develop digital asset guidelines following the congressional deadlock of a major legislative proposal.
Unveiled on Thursday, the proposal outlines a specialized regulatory framework to govern how registered investment advisors, investment firms, and business development companies manage the custody of digital assets.
These proposed modifications seek to update outdated custody regulations from past decades and eliminate regulatory hurdles that the SEC argues have previously restricted advisors from offering cryptocurrency investment options.
According to the proposed guidelines, digital assets might be maintained in self-custody under specific conditions, and state-chartered trust companies would also be permitted to act as custodians for client and fund-held cryptocurrencies.
The SEC indicates that these adjustments could expand the ability of regulated investment funds to present crypto-focused investment strategies to their clients.
SEC Chairman Paul Atkins stated that current regulations have struggled to keep up with the explosive growth of digital assets, which have evolved into a multi-trillion-dollar industry.
“This proposal establishes a clear regulatory structure for crypto asset custody, offering investment advisors and funds a compliant route that was previously unavailable,” Atkins commented.
This initiative follows ongoing efforts by U.S. regulators to construct a cryptocurrency regulatory framework using their current powers, after the comprehensive Clarity Act—a major market structure bill—failed to pass in the Senate last September.
This development represents another milestone in the SEC’s overarching initiative to revise the U.S. digital asset regulatory landscape under Atkins’ leadership. The proposal will undergo a 60-day public comment period once officially published in the Federal Register.
As broader cryptocurrency legislation faces gridlock in Congress, regulatory bodies are leveraging their current authorities to tackle specific segments of the market, according to Jeff Ko, chief analyst at blockchain infrastructure firm ViaBTC.
“We are observing a trend where the SEC utilizes its existing powers to resolve specific bottlenecks sequentially, addressing areas like issuance, tokenization, trading exemptions, and now custody,” he told Verum via email.
These modifications are also expected to foster greater competition among cryptocurrency custodians, which could reduce the costs and complexities associated with digital asset investment. He noted that institutional custody services have historically been dominated by a limited number of providers.
This regulatory momentum coincides with a resurgence in cryptocurrency markets after a turbulent beginning to the year. Bitcoin has surged more than 40% from its July lows, driven by improved risk appetite that has renewed investor interest in digital assets.
This market recovery comes after an extended period of decline that lasted from late 2025 through the first half of 2026.
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