IRS gives flood victims extra time to file tax return extensions
South Carolina flood victims who previously received a tax-filing extension to Oct. 15 have four additional months to file returns, the IRS announced Wednesday.
Devastating rainfall that caused widespread damage across much of South Carolina in early October led the Federal Emergency Management Agency to make disaster declarations in 11 counties. Individuals and businesses in those counties with tax return extensions have until Feb. 16 to file and pay any taxes due.
Relief workers affiliated with recognized government or philanthropic groups and assisting with efforts in the disaster area also qualify for extra time.
Several other deadlines were also extended to Feb. 16, according to the IRS. The deadlines affected include Jan. 15 for individual taxpayers making quarterly estimated tax payments and Nov. 2 and Feb. 1 for businesses filing quarterly payroll and excise tax returns.
Visit www.disasterassistance.gov to see if you live in an affected area. Any taxpayer with an IRS address of record located in the disaster area automatically receives relief from interest, late-payment or late-filing penalties.
For individuals not affected by recent flooding, the IRS provides guidelines for charitable giving to aid victims. The IRS recommends giving to existing charities such as the United Way, Salvation Army or Red Cross or local organizations that are familiar with victims’ needs.
More information on charitable giving following disasters can be found here.