How do I apply for a tax extension in Virginia?

To apply for a tax extension in Virginia, an individual must file Form 760IP, which is the Virginia Individual Extension Payment Form. This form enables taxpayers to request an extension for filing their income tax return. The extension typically grants an additional six months to file the return, extending the deadline to November 1. However, it is important to note that this extension applies solely to the filing of the tax return, not to the payment of any tax owed. When applying for the extension, taxpayers should estimate their total tax liability and pay any amount due by the original tax deadline, which is usually May 1. Failure to pay the tax owed by this deadline may result in penalties and interest charges. Once the extension form is submitted, taxpayers will receive confirmation that their request has been processed. For the most current details regarding filing an extension and any related forms, it is advisable to refer to the official Virginia Department of Taxation website. This resource provides comprehensive information and the most up-to-date guidance on tax extension applications in Virginia.