IRS Gives Californians an Additional Month to File Taxes

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The Internal Revenue Service (IRS) has confirmed that Californians will have an additional month to file their taxes due to heavy rain in the state.

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According to an official release from the IRS, storm victims now have until May 15, 2023 to file various federal individual and business tax returns and make tax payments.

The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). Currently, this includes the counties of Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Tulare, Ventura, Yolo and Yuba.

For the most up-to-date listings, visiting the Tax Relief in Disaster Situations webpage.

The IRS noted that the temporary filing deferral includes 2022 individual income tax returns due on April 18, as well as various 2022 business returns normally due on March 15 and April 18.

Furthermore, farmers who choose to forgo making estimated tax payments and typically file their returns by March 1 will now have until May 15, 2023 as well. The May 15, 2023, deadline also applies to the quarterly estimated tax payments, normally due on January 17, 2023, and April 18, 2023. This means that individual taxpayers have the option to skip making their fourth quarter estimated tax payment that would be due January 17, 2023, and instead include it with their 2022 return.

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The new May 15 deadline also applies to the quarterly payroll and excise tax returns normally due on January 31 and April 30, 2023.

California residents who have experienced rain or flood related damage can write certain expenses off. “Be sure to write the FEMA declaration number — 3591-EM — on any return claiming a loss,” the IRS shared. IRS Publication 547 can guide you through the requirements.

What do you think about this extended tax deadline?

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