This year’s tax-filing deadline is Tuesday, April 17. Don’t procrastinate. If you feel as if you need more time to file your tax return, filing an extension may be your best option. Taxpayers needing more time can get an automatic six-month extension from the IRS. Being granted an extra six months to file sounds great, there are also downsides to consider. Plus, if you wait until the last minute, and your extension request has been denied you may be hit with certain penalties.