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IRS TAX RELIEF FOR VICTIMS OF HURRICANE IDA IN NEW YORK AND NEW JERSEY

IRS TAX RELIEF FOR VICTIMS OF HURRICANE IDA IN NEW YORK AND NEW JERSEY

The IRS approved tax relief for counties affected by Hurricane Ida in New York and New Jersey. The counties currently eligible for the relief are:

  • New York: Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, Sullivan, Ulster, Westchester
  • New Jersey: Bergen, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Union, Warren

The relief postpones various federal tax filing and payment deadlines that occurred beginning on September 1, 2021. Affected individuals and businesses now have until January 3, 2022, to file returns and pay any taxes that were originally due during the relief period. The tax filings subject to relief are:

  • 2020 individual and business tax returns (calendar-year partnerships, S corporations, and C Corporations) with valid extensions
  • Extended tax-exempt organization returns due on November 15, 2021
  • Quarterly estimated income tax payments due on September 15, 2021.

Penalties on payroll and excise tax deposits due on or after September 1 and before September 16 will be abated, as long as the deposits had been made by September 16.

Find the full IRS release here.

 

09/29/2021

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