The Internal Revenue Service (IRS) made an announcement this week that has provided much-needed tax relief for individuals and businesses grappling with the aftermath of severe storms and flooding that struck parts of California starting January 21, 2024.
The IRS has extended various federal tax deadlines, offering breathing room for recovery efforts.
San Diego County residents and businesses are among those eligible for tax relief following the disaster declaration issued by the Federal Emergency Management Agency. This relief grants taxpayers until June 17, 2024, to file certain federal individual and business tax returns, as well as make tax payments that were originally due during this period.
The extension encompasses a range of tax obligations, including individual income tax returns, quarterly estimated tax payments, and various business-related tax filings.
The June 17 deadline applies to:
- Individual income tax returns due on April 15, 2024.
- Quarterly payroll and excise tax returns due on April 15, 2024.
- Partnership and S corporation returns due on March 15, 2024.
- Corporation and fiduciary returns due on April 15, 2024.
- Tax-exempt organization returns due on May 15, 2024.
Taxpayers needing additional time beyond June 17 to file their 2023 federal income tax returns can request an extension electronically by April 15, 2024. However, requests made between April 15 and June 17 must be submitted on paper, with the filing deadline then extended to October 15, 2024, though payments are still due by June 17.
For further information and updates, affected taxpayers can visit the official IRS website, at IRS.gov.
