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IRS Gives Tax Filing Relief to Texans Hit by Winter Storms

By Melanie Waddell

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What You Need to Know

  • Storm victims in Texas now have until June 15 to file various individual and business tax returns.
  • They also have until June 15 to make IRA contributions for 2020.
  • Taxpayers in all 254 Texas counties qualify for tax relief.

The Internal Revenue Service said Monday that winter storm victims in Texas now have until June 15 to file various individual and business tax returns and make tax payments.

Individuals and households affected by severe winter storms that reside or have a business in all 254 Texas counties qualify for tax relief.

The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area.

For instance, certain deadlines falling on or after Feb. 11—when the storm hit—and before June 15 are postponed through June 15, the IRS said.

“This includes various 2020 business tax returns due on March 15 and 2020 individual and business returns due on April 15.”

Taxpayers also have until June 15 to make 2020 IRA contributions.

The June 15 deadline applies to the fourth quarter estimated tax payment due on April 15. It also applies to the quarterly payroll and excise tax returns normally due on April 30. In addition, it applies to tax-exempt organizations, operating on a calendar-year basis, that have a 2020 return due on May 17.

Also, penalties on deposits due on or after Feb. 11 and before Feb. 26 will be abated as long as the tax deposits were made by Feb. 26, the IRS said.

Under section 7508A, the IRS explains, it gives affected taxpayers until June 15 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; annual information returns of tax-exempt organizations; and employment and certain excise tax returns), that have either an original or extended due date occurring on or after Feb. 11.

Melanie Waddell

@Think_MelanieW

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