The US Internal Revenue Service (IRS), in a release – IR-2024-160 – published on 7 June 2024, announced tax relief for individuals and businesses in parts of West Virginia affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on 2 April, 2024.
Individuals and businesses will now have until 1 November, 2024, to file their 2023 returns and pay any tax due. This includes taxpayers in Boone and Kanawha counties, who, due to a prior declaration, already had until 17 June, 2024, to file and pay.
The tax relief postpones various tax filing and payment deadlines that occurred from 2 April, 2024, through 1 November, 2024. As a result, affected individuals and businesses will have until 1 November, 2024, to file returns and pay any taxes that were originally due during this period.
This means, for example, that the 1 November, 2024, deadline will now apply to:
- Individual income tax returns and payments normally due on 15 April, 2024.
- 2023 contributions to IRAs and health savings accounts for eligible taxpayers.
- Quarterly estimated income tax payments normally due on 15 April, 17 June, and 16 September, 2024.
- Quarterly payroll and excise tax returns normally due on 30 April, 31 July, and 31 October, 2024.
- Calendar-year corporation and fiduciary returns and payments normally due on 15 April, 2024.
- Calendar-year tax-exempt organisation returns normally due on 15 May, 2024.
In addition, penalties for failing to make payroll and excise tax deposits due on or after 2 April, 2024, and before 17 April, 2024, will be abated as long as the deposits were made by 17 April, 2024.
