The Internal Revenue Service (IRS) recently announced that Florida storm victims now have until Aug. 15, 2023, to file their federal individual and business tax returns, as well as make tax payments. Following the tornadoes, severe storms and flooding that hit from April 12 to 14, the IRS is offering this tax relief to any area designated by the Federal Emergency Management Agency (FEMA)’s disaster declaration from April 27. 

Individuals and households residing or owning a business in Broward County qualify for the relief, as well as the localities listed here. The IRS has indicated it will work with taxpayers who live outside of the disaster area but have the necessary records to meet a deadline during the postponement period in the affected area. The relief also applies to workers affiliated with a recognized government or philanthropic organization who assisted in relief activities. 

Since the IRS automatically provides this tax relief to taxpayers with an address of record located in the disaster area, there’s no need to contact the agency to apply for the relief. However, if a qualifying taxpayer receives a late filing or payment penalty notice with an original or extended filing, payment or deposit due date falling within the postponement period, they should call the number on the notice to have the penalty abated. 

The extension also: 

  • Gives taxpayers until August 15 to make contributions to their IRAs and health savings accounts for 2022. 
  • Applies to the quarterly estimated tax payments due on April 18 and June 15. 
  • Applies to the quarterly payroll and excise tax returns due on May 1 and July 31. Penalties for tax deposits due on or after April 12 and April 27 will be abated so long as the deposits were made by April 27. 

Individuals who need more time than the August 15 deadline to file must file an extension request, which pushes the deadline to October 16. However, tax payments are still due by August 15.  

For more information on other returns, payments and tax-related items qualifying for the extension, visit the IRS disaster relief page. If you were impacted by the storms and have questions about receiving tax relief, contact Doeren Mayhew’s tax advisors today.