The Internal Revenue Service (IRS) has announced extended tax deadlines for small businesses and individuals affected by severe weather events in 2024. The extensions are automatic for taxpayers in designated disaster areas and are aimed at providing relief during times of recovery.
The tax deadline for some small businesses affected by severe weather in 2024 is approaching. Small businesses in all or parts of 14 states and 2 territories that received extensions to file their 2023 returns due to natural disasters will need to file in 2025. Depending on their location, some have a February 3 deadline, while others have until May 1.
The IRS grants tax extensions to small businesses and others affected by severe weather such as hurricanes, tornadoes, or natural occurrences like earthquakes if they are designated as a disaster by the Federal Emergency Management Agency (FEMA). Those in designated areas automatically receive the extra time. All taxpayers in Louisiana, Vermont, Puerto Rico, and the Virgin Islands, as well as parts of Arizona, Connecticut, Illinois, Kentucky, Minnesota, Missouri, Montana, New York, Pennsylvania, South Dakota, Texas, and Washington have the earlier February 3 deadline. All taxpayers in the entire states of Alabama, Florida, Georgia, North Carolina, and South Carolina, and those in parts of Alaska, New Mexico, Tennessee, Virginia, and West Virginia will have until May 1 to file their 2023 returns. For these taxpayers, May 1 will also be the deadline for filing their 2024 returns and paying any tax due. There is a separate deadline for taxpayers who live or have a business in Israel, Gaza, or the West Bank, and some other taxpayers affected by the terrorist attacks in Israel. They have until September 30 to file and pay. This includes all 2023 and 2024 returns
TAX DEADLINES SMALL BUSINESSES SEVERE WEATHER IRS DISASTER RELIEF
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
iPad Mini (2024) vs iPad Air (2024): Which One is Right for You?Apple's 2024 iPad lineup includes a refreshed iPad mini and a new iPad Air with two screen sizes. This comparison helps you decide between these two popular models.
Read more »
Top luxury campaigns of 2024: LVMH and Paris 2024The corporation's wine and spirits division Moët Hennessy, beauty retailer Sephora and jeweler Chaumet are among the brands that supported the premium partnership.
Read more »
2024 Golden Globe Awards Fashion Roundup + Faby's Best of 2024This article covers the red carpet fashion at the 2024 Golden Globe Awards, highlighting standout looks from Zendaya, Janelle James, Sheryl Lee Ralph, and Rihanna. It also promotes voting for various categories in The Fabys Awards of 2024, including Best Wig Hairstylist, Best Natural Hairstylist, Best Makeup Artist, Best Stylist, and Most Fashionable Couple.
Read more »
2024 Lookback: ‘Mufasa’ Meltdown Caps Unpredictable 2024 Box OfficeRevisiting 2024 box office predictions highlights missed expectations for “Mufasa,” “Joker,” “Inside Out 2,” “Deadpool” and more
Read more »
IRS issues tax deadline reminder for small businesses impacted by disasters in 2024The teenager is still seeking care 2 weeks after being hit a car while on a skateboard.
Read more »
IRS 2024 tax brackets: What we know ahead of 2025 filing seasonFrom January, many Americans will start filing taxes for tax year 2024. Financial experts say some taxpayers could see more money untouched by the IRS.
Read more »