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IRS extends tax aid for Hurricane Ida victims in New York, New Jersey

A person rides a motorbike on the flooded avenue within the City of Sure Brook in New Jersey, on September 2, 2021.

Tayfun Coskun | Anadolu Company | Getty Photographs

Hurricane Ida victims in elements of New York and New Jersey might now have till Jan. three to file federal private and enterprise tax returns. The IRS can be offering aid in parts of Pennsylvania.

Eligible filers have the identical extension for quarterly estimated tax funds, usually due Sept. 15, in response to the IRS.

To qualify, somebody should stay in an space designated for individual or public assistance by the Federal Emergency Administration Company. The tax aid is much like what’s out there for Louisiana residents and doesn’t embrace 2020 funds or returns that had been due Could 17.

In New York, taxpayers within the Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk, Sullivan and Westchester counties might 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 tough time, the IRS stands prepared to assist victims of Hurricane Ida,” mentioned IRS Commissioner Chuck Rettig in a statement. “We wish individuals affected by this devastating hurricane centered on their security and restoration for themselves and their households.”

Many taxpayers will robotically obtain submitting and penalty aid, so long as they’ve an handle of file in a catastrophe space. Nonetheless, those that obtain a late fee discover might name the quantity offered to waive the payment. 

Victims might discover the whole IRS particulars for catastrophe help and emergency aid here.

The New Jersey Division of Taxation is offering relief for state revenue taxes. Nonetheless, the extension just isn’t automated. The New York Division of Taxation and Finance has not introduced aid for state revenue taxes.

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