Tax relief

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.

The IRS is reminding those who received filing relief that they likely have to file by Feb. 3 or May 1.

The inspector general issued a report on the Internal Revenue Service's response to the October 2023 attack by Hamas.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

The IRS is pushing back filing and payment deadlines for those impacted in Juneau.