June 17 is becoming the new Tax Day for many taxpayers. Unfortunately for them, the two additional months are because they live in areas hit by major disasters.
West Virginia taxpayers are the latest to join this unwelcome club. Other states where individual and business tax filers have a disaster-related June 17 deadline are Connecticut, Maine, Rhode Island, and Tennessee.
In West Virginia, the Internal Revenue Service has announced tax relief for Mountain State taxpayers in Boone, Calhoun, Clay, Harrison, and Kanawha counties.
Those five WV counties sustained damages from severe storms, flooding, landslides, and mudslides that began on Aug. 28, 2023, and which the Federal Emergency Management Agency (FEMA) determined were major, making the areas' residents eligible for a presidential declaration for relief.
Following that designation, the IRS says those taxpayers (and any others if FEMA expands its declaration area) now have until June 17 to file various federal individual and business tax returns and make tax payments.
UPDATE, Feb. 27, 2024: Roane County has been added to the disaster and tax relief list.
WV disaster relief specifics: The June 17 applies to a variety of individual and business tax tasks. They include —
- Individual income tax returns and payments normally due on April 15, 2024.
- 2023 contributions to IRAs and health savings accounts for eligible taxpayers.
- Quarterly estimated income tax payments normally due on Sept. 15, 2023, Jan. 16, 2024, and April 15, 2024.
- Quarterly payroll and excise tax returns normally due on Oct. 31, 2023, Jan. 31, 2024, and April 30, 2024.
- Calendar-year partnership and S corporations that had a valid tax-year 2022 extension that ran out on Sept. 15, 2023, or have a 2023 return normally due on March 15, 2024.
- Calendar-year corporations and fiduciaries that had a valid tax-year 2022 extension that ran out on Oct. 16, 2023, or have a 2023 return and payment normally due on April 15, 2024.
- Calendar-year tax-exempt organizations that had a valid tax-year 2022 extension that ran out on Nov. 15, 2023, or have a 2023 return normally due on May 15, 2024.
In addition, the IRS says individuals and businesses that had an extension to file their 2022 returns will also have until June 17, 2024, to file them. Note however, that any taxes due in connection with the extended 2002 tax-year returns are not eligible for this relief because those tax amounts should have been sent last spring when the extension was requested, before the disaster occurred.
Also, the IRS is providing businesses additional relief in connection with certain payroll and excise tax deadlines. The tax agency will abate penalties for failing to make payroll and excise tax deposits due on or after Aug. 28, 2023, and before Sept. 12, 2023, as long as the deposits were made by Sept. 12, 2023.
Four other states with 6/17 Tax Day: As noted earlier West Virginia joins four other states that were hit by major disasters and whose taxpayers now have a June 17 instead of April 15 tax return (and more) filing and payment deadline.
Much of middle Tennessee was ravaged by deadly tornadoes on Dec. 9-10, 2023. The IRS gave taxpayers in the twister paths until June 17, 2024, to file their 2023 returns, as well as meet other tax deadlines.
Most of Maine was struck by severe storms and flooding on Dec. 17-23, 2023. The IRS granted those areas of the Pine Tree State tax relief, which includes the June 17, 2024, due date for filing various federal individual and business tax returns and make tax payments.
Southeastern Connecticut was hit by severe storms, flooding and a potential dam breach that began on Jan. 10. These Nutmeg State also have until June 17 to file various federal individual and business 2023 tax returns and make tax payments.
Northern Rhode Island residents suffered through flooding and tornado damage between Sept. 10-13, 2023. FEMA's major disaster declaration on Jan. 7 led to the IRS grant of Ocean State individual and business taxpayer relief. It includes the new June 17 deadline to meet various 2023 tax responsibilities and make associated payments, including filing federal tax returns.
Will California, which was walloped earlier this month by an atmospheric river that unleashed destructive rain and wind, be the next state to see a disaster declaration and a later, possibly June 17, tax filing deadline? Maybe.
That prospect, as well as the new mid-summer tax deadline for West Virginia, Maine, Tennessee, Connecticut, and Rhode Island disaster-struck taxpayers, earns June 17 this weekend's By the Numbers recognition.
Claiming a disaster tax deduction: All of the taxpayers covered by the relief provided in these latest FEMA/IRS major disaster actions are eligible for a variety of relief. The assorted text links in the above disaster area discussions have more on the specific disaster-related tax relief.
Individuals and business owners in these disaster areas also should check with their state tax department about any relief available at that level.
Finally, I want to emphasize that federal tax law also provides those who've endured a major disaster the option to claim any uninsured losses as a tax deduction on the tax returns they send to the IRS.
As long-time readers know, I've discussed this option in the all-too-frequent disaster declaration posts here on the ol' blog. You can find more about potential disaster tax deductions in my post Considerations in making a major disaster tax claim.
You also can find more on taxes and major disasters in the following posts.
- Picking up the pieces after a major disaster (after Tennessee info)
- Document your property for tax, insurance claims before storms hit
- IRS and other government resources can help you deal with a natural disaster
- Storm Warnings: Preparing for, recovering from, and helping those affected by natural disasters
Want even more? Then peruse the ol' blog's posts in the disaster category.
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