Important Tax Update for the Southeast
The deadline for filing 2023 and 2024 taxes, including tax payments, estimated payments, and return submissions, has been extended to May 1, 2025. Additionally, funds received from FEMA or other government entities are typically not included in gross income.
Hurricane Helene and Milton: States Affected
Due to the hazardous hurricanes that have hit the Southeast Regions: Alabama, Georgia, North Carolina, South Carolina, and Florida, the IRS has announced Hurricane relief: The due date for 2023 and 2024 tax returns has been extended to May 1, 2025.
- 2023 returns must have had a valid extension filed
- Tax payments in these states are extended until May 1, 2025
- 2024 Q4 estimated payments due January 15, 2024 are now due May 1, 2025
- 2025 Q1 estimated payments due April 15, 2025, are now due May 1, 2025
For details, view the IRS releases:
- IR-2024-264, October 11, 2024: IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief
- IR-2024-253, October 1, 2024: IRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify
If you have any questions about this tax update, please contact BakerAvenue.
