IRS Providing Tax Relief to Hurricane Beryl Victims in Texas

The IRS building in Washington

The Internal Revenue Service said Monday that it was providing tax relief for individuals and businesses in 67 Texas counties hit by Hurricane Beryl that began July 5.

These taxpayers have until Feb. 3 to file various federal individual and business tax returns and make tax payments, the IRS said.

The same relief will be available to any other counties added later to the disaster area.

Filing and Payment Relief

The tax relief postpones various tax filing and payment deadlines that occurred from July 5 through Feb. 3 (postponement period).

The Feb. 3 deadline, the IRS said, will now apply to:

Any individual, business or tax-exempt organization that has a valid extension to file their 2023 federal return. Payments on these returns are not eligible for the extra time because they were due last spring before the hurricane occurred.
Quarterly estimated income tax payments normally due on Sept. 16 and Jan. 15.
Quarterly payroll and excise tax returns normally due on July 31, Oct. 31 and Jan. 31.

Further, penalties for failing to make payroll and excise tax deposits due on or after July 5 and before July 22 will be abated, as long as the deposits are made by July 22, the IRS said.

It is possible that affected taxpayers may not have an IRS address of record located in the disaster area, for example, because they moved to the disaster area after filing their return.

See also  Envestnet Adds Pontera's 401(k) Management Platform: Tech Roundup