October 20, 2021

George Cafe Journal

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IRS extends tax relief for Ida victims in New York, New Jersey

A person rides a bike on the flooded road in the City of Certain Brook in New Jersey, on September 2, 2021.

Tayfun Coskun | Anadolu Agency | Getty Photos

Hurricane Ida victims in sections of New York and New Jersey may perhaps now have until eventually Jan. 3 to file federal private and company tax returns. The IRS is also supplying relief in parts of Pennsylvania.

Suitable filers have the same extension for quarterly believed tax payments, commonly because of Sept. 15, according to the IRS.

To qualify, somebody should are living in an location specified for personal or general public aid by the Federal Unexpected emergency Management Company. The tax aid is identical to what is actually readily available for Louisiana inhabitants and does not contain 2020 payments or returns that were being owing May possibly 17.

In New York, taxpayers in the Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk, Sullivan and Westchester counties may qualify. Eligible counties in New Jersey are Bergen, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset and Union.

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“During this challenging time, the IRS stands all set to aid victims of Hurricane Ida,” reported IRS Commissioner Chuck Rettig in a statement. “We want men and women afflicted by this devastating hurricane concentrated on their protection and restoration for by themselves and their families.”

Quite a few taxpayers will quickly get filing and penalty relief, as extended as they have an deal with of history in a disaster area. Nevertheless, people who receive a late payment recognize may perhaps phone the variety supplied to waive the cost. 

Victims may uncover the total IRS particulars for disaster support and unexpected emergency reduction right here.

The New Jersey Division of Taxation is supplying reduction for point out money taxes. On the other hand, the extension is not automated. The New York Office of Taxation and Finance has not introduced relief for condition earnings taxes.