By Kelley R. Taylor, Kiplinger Shopper Information Service (TNS)
Many Californians thought their taxes have been due as we speak (Oct. 16), however the IRS has additional postponed tax deadlines for folks in 55 of the state’s 58 counties impacted by pure disasters final winter. [The three not included are the northern, mountainous Lassen, Modoc and Shasta counties.]
As Kiplinger reported, the brand new postponement signifies that many California taxpayers and companies now have till Nov. 16, 2023, to file their 2022 federal revenue tax returns and pay any tax due.
One other tax deadline extension for California
The brand new tax deadline applies to impacted people in 55 of California’s 58 counties. The IRS says all counties within the state are eligible for the tax reduction aside from Lassen, Modoc, and Shasta counties. The postponement is predicated on FEMA catastrophe declarations protecting extreme winter storms, flooding, landslides, and mudslides over a interval of a number of months.
When tax submitting deadlines are prolonged, so are another associated IRS tax deadlines. So, Californians in storm-impacted areas of the state have extra time to contribute to their IRAs and well being financial savings accounts (HSAs). The deadline for residents who have been eligible for the tax extension to make these contributions is Nov. 16, 2023.
The brand new postponement comes amid different tax reduction not too long ago introduced by the IRS. This consists of reduction (additionally relevant to California companies) for these straight impacted by pure disasters in Louisiana and Hawaii. The company has additionally supplied deadline reduction for taxpayers who’ve been straight affected by the terrorist assaults in Israel.
New Nov. 16 California tax deadline
The IRS says that the next returns and cost for taxpayers in impacted areas qualify for the tax deadline reduction.
- 2022 particular person revenue tax returns and funds usually due on April 18.
- For eligible taxpayers, 2022 contributions to IRAs and HSAs.
- Quarterly estimated tax funds usually due on April 18, June 15, and Sept. 15.
- Calendar-year 2022 partnership and S company returns usually due on March 15.
- Calendar-year 2022 company and fiduciary revenue tax returns and funds usually due on April 18.
- Quarterly payroll and excise tax returns usually due on Could 1, July 31, and Oct. 31.
- Calendar-year 2022 returns filed by tax-exempt organizations usually due on Could 15.
Different returns, funds, and time-sensitive tax-related actions may additionally qualify for the additional time. Go to the IRS catastrophe reduction webpage for extra particulars.
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