A person rides a motorcycle on the flooded avenue within the City of Certain Brook in New Jersey, on September 2, 2021.
Tayfun Coskun | Anadolu Company | Getty Photographs
Hurricane Ida victims in components of New York and New Jersey could now have till Jan. 3 to file federal private and enterprise tax returns. The IRS can be offering reduction in components of Pennsylvania.
Eligible filers have the identical extension for quarterly estimated tax funds, usually due Sept. 15, in keeping with the IRS.
To qualify, somebody should dwell in an space designated for particular person or public help by the Federal Emergency Administration Company. The tax reduction is much like what’s obtainable for Louisiana residents and doesn’t embody 2020 funds or returns that had been due Might 17.
In New York, taxpayers within the Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk, Sullivan and Westchester counties could qualify. Eligible counties in New Jersey are Bergen, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset and Union.
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“Throughout this troublesome time, the IRS stands prepared to assist victims of Hurricane Ida,” stated IRS Commissioner Chuck Rettig in an announcement. “We would like folks affected by this devastating hurricane centered on their security and restoration for themselves and their households.”
Many taxpayers will routinely obtain submitting and penalty reduction, so long as they’ve an handle of report in a catastrophe space. Nevertheless, those that obtain a late cost discover could name the quantity supplied to waive the payment.
Victims could discover the entire IRS particulars for catastrophe help and emergency reduction right here.
The New Jersey Division of Taxation is providing reduction for state earnings taxes. Nevertheless, the extension isn’t computerized. The New York Division of Taxation and Finance has not introduced reduction for state earnings taxes.