Florida Storm victims now have until August 15, 2023, to file various federal individual and business tax returns and make tax payments, the IRS announced Tuesday, May 2.
The tax agency is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) due to tornadoes, severe storms, and flooding from April 12 to 14–individuals and households residing or owning businesses in Broward County qualify for tax relief. Other areas added later to the disaster area will also qualify for the same relief. (Click here to check the current list of eligible localities via the IRS disaster relief page)
The tax relief postpones various tax filing and payment deadlines that occurred starting on April 12, 2023, and is based on an April 27 FEMA disaster declaration. As a result, affected individuals and businesses will have until August 15, 2023, to file returns and pay any taxes that were originally due during this period.Taxpayers now have until August 15 to:
- File any 2022 individual income tax returns and various business returns originally due on April 18,
- Pay any tax originally due on these returns. Taxpayers will get the extra time, even if they failed to request a tax-filing extension by April 18,
- Make 2022 contributions to their IRAs and health savings accounts,
- Quarterly estimated tax payments that are normally due on April 18 and June 15, and
- Quarterly payroll and excise tax returns that are normally due on May 1 and July 31, 2023.
This tax relief for Florida storm victims is part of a coordinated federal response to the damage caused by these storms and is based on local damage assessments by FEMA.To apply for tax relief, we recommend contacting a CPA Firm that can support you preparing your online application, and offer further guidance. If you have additional questions about tax relief or any other tax related inquiry, you may contact us or click here to schedule a tax consultation with us. Source: FICPA, IRS.
