Hurricane Ian Tax Relief: Extended tax and payment deadlines for victims

October 13, 2022 Nitish shaw Stimulus Check 0

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Hurricane Ian clashed with Florida as a Category 4 hurricane last week.

Ian damaged thousands of properties, leaving millions of residents without power, and reports illustrate that the death toll increased in the last hours.

What are the extended tax and payment deadlines for victims?

The IRS decided to postpone tax filing and payment deadlines through February with the new deadline for affected individuals and businesses.

Individuals and businesses have until February 15, 2023, to pay their taxes, the same IRS mentioned in a press release.

“The IRS noted, however, that because tax payments related to these 2021 returns were due on April 18, 2022, those payments are not eligible for this relief,” reads the press release.

“February 15, 2023, deadline also applies to quarterly estimated income tax payments due on January 17, 2023, and the quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023.”

“Businesses with an original or extended due date also have the additional time including, among others, calendar-year corporations whose 2021 extensions run out on October 17, 2022. Similarly, tax-exempt organizations also have the additional time, including for 2021 calendar-year returns with extensions due to run out on November 15, 2022.”

“February 15, 2023, deadline also applies to quarterly estimated income tax payments due on January 17, 2023, and the quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023.”

https://twitter.com/SCDOR/status/1580298335222579202

Which areas of Florida will have a tax extension?

All the victims from any area designated by the Federal Emergency Management Agency (FEMA) qualify for tax relief granted by the IRS.

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If you live outside of the disaster area, but qualify for disaster relief, contact the IRS at 866-562-5227.

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About Nitish shaw 236 Articles
An aspiring novelist and a random blogger, Nitish is also a porky-mouthed banter specialist when it comes to football (soccer), films, TV Series, History and socio-economic issues. He travels, indulges in music and plays outdoor sports to get his creative juices flowing. “There’s the scarlet thread of murder running through the colorless skein of life, and our duty is to unravel it, and isolate it, and expose every inch of it.”- Quote this, and you will be his favorite person for at least as long as the two of you can hold up the conversation.