Tax relief

The IRS is pushing back filing and payment deadlines statewide for those impacted by local storms, tornadoes and flooding.

The Internal Revenue Service issued a notice giving some breathing room to those involved with micro-captive insurance companies.

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.

The IRS is pushing back filing and payment deadlines to Nov. 3.

The pace of natural disasters seems to be accelerating, prompting taxpayers and preparers to search for ways to deduct catastrophic losses.

Lawmakers in the House and Senate reintroduced bipartisan legislation to provide faster filing relief to taxpayers hit by natural disasters.

Affected taxpayers now have until Oct. 15 to file and pay their taxes, matching the federal relief from the IRS.

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

The refiled proposal would cut the tax rate for the current fiscal year or provide residential rebates if such a reduction isn't approved by March.

Any returns or payments due on Jan. 9 can be sent in on Jan. 10.