In the US, millions of taxpayers typically have a busy time during tax season. select citizens in select states, however, will have more time this year to fulfill their tax commitments. For individuals impacted by natural disasters, the Internal Revenue Service (IRS) has verified an automatic extension.
The IRS is providing tax assistance to residents in twelve states as a result of recent disasters. Because of this approach, people who were impacted by extreme weather events can file their taxes and pay later without incurring penalties.
The purpose of this announcement is to allow people who are still recovering some breathing room.
Note that no specific application is needed for these additions. The IRS will automatically identify affected taxpayers based on their official disaster relief records or tax returns. We list the states that are covered below, along with the actions that individuals should take.
States where the tax season is still ongoing
In some U.S. states, residents are automatically granted an extension to file their taxes and pay the associated fees. The following states are eligible for this tax break:
- California
- Connecticut
- Florida
- Hawaii
- Indiana
- Maine
- Michigan
- Rhode Island
- Tennessee
- Vermont
- Virginia
- West Virginia
Disasters of many kinds, including floods, wildfires, tornadoes, and strong storms, have impacted every state. Depending on the disaster category and the federal emergency declaration, different dates are extended.
To determine the deadline that applies to each unique circumstance, the IRS advises visiting the official disaster relief page. Taxpayers can make sure they fulfill their responsibilities in this way.
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What these states’ taxpayers ought to do?
To take advantage of this extension, taxpayers in the aforementioned states do not need to take any extra steps. Zip codes will be used by the IRS to automatically determine who is eligible for relief.
However, people who think they qualify for the extension but receive a penalty notice for late filing or late payment should get in touch with the IRS directly. They can then ask for the proper correction.
It is crucial to remember that certain taxpayers may potentially qualify for special tax deductions if they experienced property damage or loss.
Depending on which is more advantageous, these can be claimed on the tax return for the year the disaster happened or on the return for the year prior.
Examining this choice could lessen the financial strain brought on by these occurrences.
