Emergency IRS Tax Relief: deadline, requirements & eligibility of Hurricane Ian victims
With Hurricane Ian passing two weeks ago those who were subject to its fury may be able to receive some extra support from the IRS.
The two most destructive hurricane of the US hurricane season so far struck mere days away from each other at the end of September. These were hurricanes Fiona and Ian, the former striking Puerto Rico while the latter crashed through Florida.
To support those in Puerto Rico affected by the hurricane the IRS announced a package of support measures. These measures ranged from postponements of tax filing deadlines to systems businesses could use to claim back hurricane damage in their next tax filing.
The IRS has now announced a similar raft of measures for people in Florida affected by Ian. Those affected now have until February 15, 2023, to file various individual and business tax returns and make tax payments. On top of this people and businesses have the option of claiming disaster-related casualty losses on their federal income tax return for their 2021 return, if they have an extension, or for the next filing.
What are the requirements for the relief?
Individuals and households affected by Hurricane Ian that reside or have a business anywhere in the state of Florida qualify for tax relief. Individuals, households, and businesses located in Florida can all access the support.
As well as these people, workers from other states involved in the recovery, as well as anyone killed or injured in Florida from outside the state qualify.
This is of particular help for people who received extensions on their 2021 tax filings already; without this extension the tax filing window is closed.
When is the deadline?
The IRS is giving affected taxpayers until February 15, 2023 to file most tax returns that have either an original or extended due date occurring on or after September 23, 2022, and before February 15, 2023, will be abated as long as the tax deposits were made by February 15, 2023.
The February 15, 2023, deadline applies to the quarterly estimated tax payments, normally due on January 17, 2023 and to the quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023.