The recent winter storms that struck California caused immense destruction and damage to several areas. As a result, the Internal Revenue Service (IRS) has announced an extension of the tax deadline for the qualifying Californians. The extended deadline prologues until October 16, 2023, but not everyone qualifies for it. In this blog post, we will discuss who qualifies for the California tax deadline extension and what it means for taxpayers.
The California tax deadline extension is only eligible for taxpayers who reside in areas where the winter storms caused damage. This tax relief program applies to the Federal Disaster Area that covers the following counties: Alpine, Amador, Butte, Calaveras, Colusa, El Dorado, Glenn, Humboldt, Kern, Kings, Lake, Lassen, Los Angeles, Madera, Mariposa, Mendocino, Merced, Modoc, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Benito, San Bernardino, San Diego, San Joaquin, San Luis Obispo, Santa Barbara, Santa Clara, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, and Yuba.
If you are eligible for tax relief, the deadline for filing taxes and making payments is moved from April 18, 2023, to October 16, 2023. This extension means that you have more time to prepare and file your taxes, and you will not be charged any penalties for paying your taxes after the original deadline. However, interest will be accrued on any outstanding taxes after the April 18 deadline.
It’s important to note that not all California taxpayers qualify for the tax relief extension. For instance, if you live outside the designated areas, you are not eligible for the tax relief, and any taxes due on April 18, 2023, must be paid by the original deadline. Additionally, taxpayers who have an estimated tax payment due on June 15, 2023, must still pay their taxes by this date.
In case you have already sent in your tax return and paid your taxes before the winter storms, you do not need to take any action. The IRS will automatically provide tax relief to qualifying Californians. However, for those who haven’t filed their taxes yet, it is recommended to keep records and expenses of any damage caused by the winter storms, such as property damage or loss of income due to business closures. This information may be necessary while filing your taxes later.
In case you have been affected by the recent winter storms in California, you might qualify for the tax relief extension that has been announced by the IRS. The extension will prolong until October 16, 2023, and is only eligible for the taxpayers who reside in the designated areas. It’s important to note that not all California taxpayers qualify for the extension and must pay their taxes by the original deadline. Remember to keep records and expenses of any damage caused by the winter storms to help you while filing your taxes later.