Highlights of Texas Taxpayer Relief Due to Recent Storms and Floods
As anticipated, the IRS is providing disaster relief to Hurricane Harvey victims – individuals, businesses, and relief workers. The IRS has granted automatic extensions for several tax-filing and tax-payment deadlines to qualifying taxpayers in the following Texas counties: Aransas, Austin, Bastrop, Bee, Bexar, Brazoria, Burleson, Calhoun, Chambers, Colorado, Dallas, De Witt, Fayette, Fort Bend, Galveston, Goliad, Gonzales, Grimes, Hardin, Harris, Jackson, Jasper, Jefferson, Karnes, Kleberg, Lavaca, Lee, Liberty, Madison, Matagorda, Montgomery, Newton, Nueces, Orange, Polk, Refugio, Sabine, San Jacinto, San Patricio, Tarrant, Travis, Tyler, Victoria, Walker, Waller, Washington, and Wharton.
(Updated 10/30/17): In October the IRS extended to relief to the following Louisiana parishes: Acadia, Allen, Assumption, Beauregard, Calcasieu, Cameron, DeSoto, Iberia, Jefferson Davis, Lafayette, Lafourche, Natchitoches, Plaquemines, Rapides, Red River, Sabine, St. Charles, St. Mary, Vermilion, and Vernon.
New Filing Deadline
- The new filing deadline — for IRS income tax filings and IRS income tax payments — originally due between August 23 through October 16 — is January 31, 2018.
Who Qualifies for Relief?
- The extension applies to Hurricane Harvey victims who were previously granted an extension to file their 2016 returns. Late payment penalties and interest for payments originally due before the disaster on April 18, 2017 are not eligible for the relief.
- Relief zone individuals and businesses with an address of record located in the disaster area will qualify for the relief. The extended deadlines also apply to estimated taxes originally due from September 2017 through January 2018.
Companies with payroll and excise tax deposits originally due from August 23 through September 7 will have until September 7 to make those deposits and avoid late deposit penalties.
Filing your taxes should be the last thing on your mind as you work through the devastation and disruptions caused by Hurricane Harvey. We hope this extra time will benefit you, your organization, and your family. Please contact your CRI tax professional if we can help you in any way.