Florida storm victims get tax relief

Victims of recent storms in Florida now have until Aug. 15 to file various federal individual and business returns and make tax payments.

The IRS is offering relief to any area designated by the Federal Emergency Management Agency. Individuals and households that reside or have a business in Broward County can qualify. Other areas added later to the disaster area will also qualify.

The current list of eligible localities is on the disaster relief page on IRS.gov.

The relief postpones various tax filing and payment deadlines that occurred starting on April 12. Affected taxpayers will have until Aug. 15 to file any 2022 individual income tax returns and various business returns that were originally due on April 18. They will also have until Aug. 15 to pay any tax originally due on these returns.

Residents survey debris after Hurricane Michael hit in Mexico Beach, Florida, U.S., on Friday, Oct. 12, 2018.
Zack Wittman/Bloomberg

Taxpayers will get the extra time even if they failed to request an extension by April 18. Eligible taxpayers will also have until Aug. 15 to make 2022 contributions to their IRAs and health savings accounts.

The August deadline applies to the quarterly estimated tax payments normally due on April 18 and June 15 and to quarterly payroll and excise tax returns normally due on May 1 and July 31 of this year. Penalties on payroll and excise tax deposits due on or after April 12 and before April 27 will be abated as long as the tax deposits were made by April 27.

The IRS disaster relief page has details on other returns, payments and tax-related actions qualifying for the additional time.

Affected individual taxpayers who need time to file beyond the Aug. 15 deadline must file their extension requests on paper using Form 4868; e-file options for an extension are unavailable after April 18. By filing this form, disaster-area taxpayers will have until Oct. 16 to file, though tax payments are still due by Aug. 15. 

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record in the disaster area. Taxpayers do not need to contact the agency to get this relief. If an affected taxpayer does get a late-filing or late-payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.

The IRS will work with any taxpayer who lives outside the disaster area but whose records needed to meet a deadline occurring during the postponement period are in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at (866) 562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.

Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can claim them on either the return for the year the loss occurred or the return for the prior year. They should write the FEMA declaration number (4709-DR) on any return claiming a loss.

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