Attention Americans: How 2024 Natural Disasters Could Grant You Extra Time to File Your Taxes

If you faced a disaster in 2024, you might be able to file your taxes later than usual. The Internal Revenue Service (IRS) offers extensions for those affected by major disasters. Normally, people need to file by April 15, but if you live in areas with disaster declarations from the Federal Emergency Management Agency (FEMA), your deadline could be extended to May 1.

For instance, severe hurricanes hit the Southeast last year. As a result, residents of Alabama, Florida, Georgia, North Carolina, and South Carolina qualify for this extension. Also, many counties in Tennessee and Virginia are included.

In addition to hurricanes, those impacted by devastating wildfires in Los Angeles this year have until October 15 to submit their tax forms. Some filers in Alaska and New Mexico may also be eligible for extensions.

Tax season can feel overwhelming for anyone. Late filings can lead to hefty penalties, and errors could lead to an IRS audit. To avoid problems, it’s important to know your options.

According to a recent survey by the National Taxpayer Advocate, about 60% of taxpayers are unaware of the potential for filing extensions in disaster situations. Understanding these provisions can relieve pressure during stressful times.

For more details on qualifying circumstances for tax extensions, check out the IRS website.

Staying informed can help you navigate your tax responsibilities and avoid surprises.

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