IRS: THOSE IMPACTED BY IDALIA QUALIFY FOR TAX RELIEF; OCT. 16 DEADLINE, OTHER DATES POSTPONED TO FEB. 15
The Internal Revenue Service announced tax relief for individuals and businesses affected by Idalia in parts of Florida on August 30th, 2023. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments.
Filing and Payment Relief
The tax relief postpones various tax filing and payment deadlines that occurred from Aug. 27, 2023, through Feb. 15, 2024, (postponement period). As a result, affected individuals and businesses will have until Feb. 15, 2024, to file returns and pay any taxes that were originally due during this period.
This means, for example, that the Feb. 15, 2024, deadline will now apply to:
In addition, penalties for the failure to make payroll and excise tax deposits due on or after Aug. 27, 2023, and before Sept. 11, 2023, will be abated as long as the deposits are made by Sept. 11, 2023.
For additional information:
Click here to visit the IRS.gov: Those impacted by Idalia qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15 | Internal Revenue Service
FLORIDA 2023 FLORIDA DISASTER PREPAREDNESS SALES TAX HOLIDAY
Florida legislators unanimously passed the tax holiday this past session. The holiday started August 27th and ends Sept. 8. The holiday is intended to provide price relief for Floridians who prepare for storm season by stocking up on batteries, flashlights, and toilet paper.
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