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Form 4868 is designed specifically to provide an automatic extension for taxpayers who need additional time to file their individual income tax returns. By submitting this form, taxpayers can extend their filing deadline by six months, allowing them more time to gather necessary documentation, finalize their returns, or deal with other financial obligations without facing penalties for late filing.

This extension is beneficial as it helps taxpayers avoid the stress associated with impending deadlines, ensuring they can file accurate and complete returns. However, it’s important to note that while Form 4868 extends the time to file, it does not extend the time to pay any taxes owed, which is a crucial point for taxpayers to remember to avoid interest and penalties on unpaid tax liabilities.