IRS Hurricane Debby Tax Relief for Affected Entities
IMPORTANT NOTICE ON FILING RELIEF AND DEADLINE EXTENSIONS
The Internal Revenue Service (IRS) has announced tax relief to those individuals and businesses affected by Hurricane Debby. Taxpayers now have until February 3, 2025 to file and pay various federal individual and business tax returns, including estimated tax payments.
The tax relief postpones those deadlines that occur between August 1, 2024 through February 3, 2025. Individuals that reside or have a business in one of the Federal Emergency Management Agency (FEMA) designated counties qualify for the relief. The IRS identifies those taxpayers qualified by the address on record. Please visit www.fema.gov for a complete list of counties in the qualified disaster area. The IRS also extended relief to those who live outside the disaster relief area, but have records necessary to meet a deadline located in the area.
The tax relief for filing and payment is for Federal, most counties in Florida and North Carolina, all counties in South Carolina and Vermont, and some counties in Georgia. Visit the IRS website for specific counties for which the tax relief applies. Other states may or may not grant the same relief for tax returns filed past the original due date.
The following is a list of filings and payments now due February 3, 2025:
- Individuals with a valid 2023 extension (relief does not apply to any tax due with the return filing as these payments were due on or before April 15, 2024).
- Quarterly estimated income tax payments due September 16, 2024 and January 15, 2025.
- Quarterly payroll tax returns due October 31, 2024 and January 31, 2025.
- Calendar year partnerships and s-corporations due September 16, 2024.
- Calendar year trusts due September 30, 2024.
- Calendar year corporations due October 15, 2024.
- Calendar year tax exempt organizations due November 15, 2024.
- Fiscal year entity returns with an original or extended due date between August 1, 2024 and before February 3, 2025.
The Florida Department of Revenue has announced it will follow the tax relief granted by the IRS for affected taxpayers. Taxpayers who file Florida Corporate Income Tax Returns with original due dates between August 1, 2024 and before February 18, 2025 will now have a due date of February 18, 2025.
