The IRS has announced relief for many taxpayers in the wake of Hurricane Helene. The relief will extend filing and payment deadlines for those who live in impacted areas until May 1, 2025. Designated areas include all of Alabama, Georgia, North Carolina, and South Carolina. It also includes 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia. You can read the full IRS Press Release for more details.
The May 1, 2025, deadline applies to the following:
- Any individual or business that has a 2024 return normally due during March or April 2025.
- Any individual, business or tax-exempt organization that has a valid extension to file their 2023 federal return. The IRS noted, however, that payments on these returns are not eligible for the extra time because they were due last spring before the hurricane occurred.
- 2024 quarterly estimated income tax payments normally due on Jan. 15, 2025, and 2025 estimated tax payments normally due on April 15, 2025.
- Quarterly payroll and excise tax returns normally due on Oct. 31, 2024, and Jan. 31 and April 30, 2025.
Please note that not all states will follow the federal extended deadline, particularly states not affected by Hurricane Helene. Therefore, state filings need to be evaluated separately.
As the clean up and recovery process begins, our thoughts are with the many people affected by this disaster.