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Tax News You Can Use

IRS Grants Extensions of Time for Taxpayers in Declared Disaster Areas

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Tax News You Can Use | For Professional Advisors

 

Jane G. Ditelberg

Jane G. Ditelberg

Director of Tax Planning, The Northern Trust Institute

In response to various weather and other declared disasters, the IRS is authorized to grant extensions of time to file or pay tax.

So far this year, the IRS has granted extended deadlines to file tax returns and pay taxes due during the specified period for impacted taxpayers living or having a business located in (or having their tax records located in) the declared disaster areas listed below. The following chart summarizes the relief available in each case. Individuals in the impacted regions expecting to make estimated tax payments by June 17, 2024 may wish to review the chart promptly to see if those payments can be deferred. For a complete list of the types of tax returns and payments covered by the extension, along with an updated county list, please follow the links below to the IRS website page for your state.

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© 2024 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S

This information is not intended to be and should not be treated as legal, investment, accounting or tax advice and is for informational purposes only. Readers, including professionals, should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal, accounting or tax advice from their own counsel. All information discussed herein is current only as of the date appearing in this material and is subject to change at any time without notice.

The information contained herein, including any information regarding specific investment products or strategies, is provided for informational and/or illustrative purposes only, and is not intended to be and should not be construed as an offer, solicitation or recommendation with respect to any investment transaction, product or strategy. Past performance is no guarantee of future results. All material has been obtained from sources believed to be reliable, but its accuracy, completeness and interpretation cannot be guaranteed.

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