IRS tax relief for Hurricane Helene: Deadlines extended to 2025
Search
Press "Enter" to search and "ESC" to close.

IRS offers relief for those affected by Helene

2024-10-08T14:17:21+00:00
Suscríbete a Nuestro Boletín
Recibe por email las noticias más destacadas
crédito tributario, ingreso, estadísticas, beneficios, MundoNOW, tax credit, income, statistics, benefits, IRS tax relief for Hurricane Helene
IRS tax relief for Hurricane Helene (PHOTO Shutterstock)
  • IRS extends tax deadlines due to Hurricane Helene disaster.
  • Affected individuals have until May 2025.
  • Relief applies to taxes and payments.

The Internal Revenue Service (IRS) announced disaster tax relief for those impacted by Hurricane Helene.

The relief applies to individuals and businesses in Alabama, Georgia, North Carolina, South Carolina, and parts of Florida, Tennessee, and Virginia.

Taxpayers now have until May 1, 2025, to file returns and make payments.

This relief also covers 2023 extensions and estimated quarterly payments for 2024 and 2025.

IRS disaster tax relief for affected taxpayers

IRS tax relief for Hurricane Helene, extended deadlines 2025, IRS,
IRS tax relief for Hurricane Helene: Deadlines extended to 2025 / Photo: AP

The IRS will provide automatic relief to any taxpayer with an address registered in FEMA-designated areas.

Those affected outside the area can contact the IRS for additional assistance.

Taxpayers can claim uninsured losses on their 2023 or 2024 tax returns.

Additionally, affected taxpayers participating in retirement plans or IRAs may benefit from disaster withdrawals without being subject to the additional 10% early withdrawal penalty.

The IRS stated that this relief is part of a coordinated federal response to the damage caused by Hurricane Helene, based on assessments by FEMA.

Taxpayers are reminded they can access free tax preparation services at VITA or TCE sites.

YOU MIGHT ALSO LIKE: Florida declares emergency due to the arrival of Tropical Storm Milton

Tools like IRS Free File and MilTax are also available to make tax filing easier.

For more details on the affected areas and available relief, it is recommended to visit the Disaster Tax Relief page on IRS.gov.

To listen to the podcast for this and other news, click on the photo

Podcast, News, Your World Today, Hear Us Audio, MundoNOW
IRS tax relief for Hurricane Helene: Deadlines extended to 2025 / PHOTO MundoNOW

Follow MundoNow on Google News and scroll through your favorite content faster!
Economy
Money
Related post
Regresar al Inicio