IRS Provides Tax Relief for Hurricane Debby Victims

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The IRS has announced tax relief for Hurricane Debby victims in specific areas of South Carolina, North Carolina, Florida, and Georgia. The extended deadline for federal individual and business tax returns and payments is now February 3, 2025. Taxpayers who had filing and payment deadlines from August 1 to early August will benefit from this relief.

Additionally, quarterly estimated income tax payments due on September 16 and January 15, as well as quarterly payroll and excise tax returns due on October 31 and January 31, have also been granted extensions. Penalties for failing to make payroll and excise tax deposits in certain areas before specific dates have been abated if deposits are made on time.

IRS will apply the relief automatically to eligible individuals and businesses in the designated disaster areas. For those who believe they qualify for relief but are outside the designated areas, they can contact the IRS at 866-562-5227. It's important to ensure that your IRS address of record is up to date for accurate communication. The IRS is actively working to lessen the financial burden on individuals and businesses affected by Hurricane Debby in South Carolina, North Carolina, Florida, and Georgia. By extending the deadline for federal tax returns and payments to February 3, 2025, taxpayers now have more time to organize their financial records and meet their obligations. Moreover, the relief package also includes extensions for quarterly estimated income tax payments, as well as payroll and excise tax returns, offering further flexibility for those navigating post-disaster challenges in their respective regions.

To streamline the process and ensure that eligible individuals and businesses receive the relief they are entitled to, the IRS will automatically apply the extension measures in the designated disaster areas. For those who believe they qualify for relief but are outside the specified regions, reaching out to the IRS at 866-562-5227 is advised. Keeping IRS address information up to date is crucial for accurate communication and smooth processing of the relief measures, underscoring the importance of staying informed and proactive during this challenging period.

Source:

https://www.newsweek.com/tax-relief-irs-hurricane-debby-1937353