Hurricane Ida victims can file personal and business tax returns and make tax payments, the Internal Revenue Service (IRS) announced. Those in Pennsylvania can file for tax relief until January 3, 2022. The IRS also provides relief in parts of Louisiana, Mississippi, New Jersey, and New York.
“During this difficult time, the IRS stands ready to help victims of Hurricane Ida,” said IRS Commissioner Chuck Rettig in a statement. “We want people affected by this devastating hurricane focused on their safety and recovery for themselves and their families.”
To be eligible for the tax relief, the taxpayer must live in any area designated for individual or public assistance by the Federal Emergency Management Agency (FEMA). These areas include Bucks, Chester, Delaware, Montgomery, Philadelphia, and York counties. Individuals and households impacted by Hurricane Ida residing in other parts of Pennsylvania subsequently designated by FEMA automatically qualify for the tax relief.
The extension applies to various tax filing and payment deadlines that occurred starting on August 31. As a result, tax filing and payments scheduled initially on October 15 will be accepted until January 3, 2022, while 2020 tax payments and returns due on May 17 are excluded from the tax relief.
The new due date also applies to the following:
- Quarterly estimated income tax payments due on September 15
- Quarterly payroll and excise tax returns due on November 1
- Tax-exempt organizations operating on a calendar-year basis that had a valid extension due on November 15
- Businesses with an original or extended due date including calendar-year partnerships and S corporations with 2020 extensions due on September 15, and calendar-year corporations with 2020 extensions due on October 15
Additionally, the IRS will abate penalties on payroll and excise tax deposits due on or after August 31 and before September 15 as long as the deposits are made by September 15.
The Pennsylvania Department of Revenue has already echoed the IRS announcement that taxpayers affected by Hurricane Ida will be given more time to file tax returns.
Check out the IRS disaster assistance and emergency relief plan for more information on other returns, payments, and tax-related actions qualifying for the extension. For updates on IRS efforts for Hurricane Ida victims, visit this page.
If you require assistance in filing tax returns and payments, our team of tax professionals at Stephano Slack will be glad to help you. Connect with us today at firstname.lastname@example.org or visit www.stephanoslack.com/services to learn more about our services.