The IRS processes about 152 million individual returns every year. As of April 6, just over 103 million had been filed. That means nearly 50 million taxpayers have either spent the last week scrambling to locate key documents and file their returns, or have scrambled to locate key documents and instead filed for an extension.
Nearly 1 in 10 tax filers takes advantage of an even further delay that IRSautomatically grants: the 6-month extension. About 14 million Americans will get an extension this year, the IRS said in a press release.
An extension, however, only serves to delay anyyou have coming; any tax owed must be paid by Tuesday.