The Internal Revenue Service (IRS) has announced tax relief for individuals and businesses affected by Hurricane Debby in South Carolina, Florida, North Carolina, and Georgia. The relief includes extended deadlines for tax filing and payment until February 3, 2025.
Affected Areas:
IRS is providing relief to areas designated by FEMA, including:
- South Carolina: All 46 counties.
- Florida: 61 counties, including major areas like Miami-Dade, Hillsborough, and Orange.
- Georgia: 55 counties, including Fulton, Gwinnett, and Chatham.
- North Carolina: 66 counties, including Wake, Mecklenburg, and Guilford.
Additional counties may be added, and the full list can be found on the IRS’s “Tax Relief in Disaster Situations” page on IRS.gov.
Extended Deadlines:
Deadlines are extended for tax filing and payments starting from:
- August 1, 2024: In Florida.
- August 4, 2024: In Georgia and South Carolina.
- August 5, 2024: In North Carolina.
The extended deadline of February 3, 2025, applies to various tax filings and payments, including quarterly estimated income tax payments and payroll returns.
Penalties and Relief:
Penalties for failing to make certain tax deposits within the designated timeframe will be abated in affected areas. The IRS automatically provides relief for taxpayers with addresses in the disaster area. Those impacted by the disaster but not in the affected area can contact the IRS for assistance.
Taxpayers in disaster areas with losses can claim them on either the 2024 or 2023 returns, with additional provisions for retirement plan distributions. For more information on tax relief options, visit DisasterAssistance.gov or the IRS official website.
