IRS extensions for those impacted by Debbie

In the wake of Hurricane Debby, the IRS has announced a significant extension for taxpayers in Florida, Georgia, North Carolina, and South Carolina. This relief aims to ease the burden on individuals and businesses affected by the devastating storm.

Here’s what you need to know about the new deadlines and how they can benefit you. 

Key points 

  • Extended Deadlines: Taxpayers in the affected areas now have until February 3, 2025, to file various federal individual and business tax returns and make tax payments. 

  • Who Qualifies: The relief applies to all 46 counties in South Carolina, 61 counties in Florida, 55 counties in Georgia, and 66 counties in North Carolina. 

  • Types of Relief: The extension covers filing and payment deadlines, including quarterly estimated income tax payments, quarterly payroll and excise tax returns, and more 

The IRS has stepped in to provide much-needed relief to taxpayers in the regions hardest hit by Hurricane Debby. This extension is a lifeline for many who are struggling to rebuild their lives and businesses in the aftermath of the storm. 

Who is Eligible? 

The relief is available to any area designated by the Federal Emergency Management Agency (FEMA). This includes all 46 counties in South Carolina, most of Florida and North Carolina, and part of Georgia. Individuals and businesses in these areas now have until February 3, 2025, to file their federal tax returns and make payments. 

What Does the Relief Cover? 

The extension postpones various tax filing and payment deadlines that occurred starting from August 1, 2024, in Florida, August 4, 2024, in Georgia and South Carolina, and August 5, 2024, in North Carolina.  

This includes: 

  • Quarterly Estimated Income Tax Payments: Normally due on September 16 and January 15. 

  • Quarterly Payroll and Excise Tax Returns: Normally due on October 31 and January 31. 

  • Penalties Abatement: Penalties for failing to make payroll and excise tax deposits due on or after the specified dates in August will be abated if the deposits are made by mid-August 

How to Claim the Relief? 

Taxpayers do not need to contact the IRS to get this relief. However, if they receive a late filing or late payment penalty notice from the IRS, they should call the number on the notice to have the penalty abated.

The IRS’s decision to extend tax deadlines for those affected by Hurricane Debby is a crucial step in helping individuals and businesses recover. By providing additional time to file and pay taxes, the IRS is offering much-needed support to those who need it most.  

Here at Hagger Tax & Advisory, we keep up to date with any income tax requirement and benefits that impact you and your company. If you require any assistance understanding if this relief is available to you and your company, please reach out to us at chad.hagger@hagger-tax.com or +1 (305) 762-9587. 

IRS relief now available to Hurricane Debby victims in all of South Carolina, most of Florida and North Carolina, part of Georgia; various deadlines postponed to Feb. 3, 2025 | Internal Revenue Service 

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