2024 Tax Season Disaster Relief Information

2024 Tax Season Disaster Relief Information

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2024 Tax Season Disaster Relief Information

 Brynne Terry

Important Disaster Relief Information from the IRS



Hurricane Beryl & Wildfire Relief

Due to various hazardous fires and storms caused by Hurricane Beryl across the country, the IRS has announced Disaster Relief: The due date for 2023 tax returns has been extended to February 3, 2025. The due date for 2024 estimated payments is extended to February 3, 2025.

  • 2023 filing relief (not payment) for fire and severe storm for those affected by Hurricane Beryl in the entire states of LA, VT, Puerto Rico, the Virgin Islands, and specific counties in AZ, CT, IL, KY, MN, MO, MT, NY, PA, SD, TX, WA - Due February 3, 2025
  • 2024 estimated payment relief for fire and severe storm for those affected by Hurricane Beryl in the entire states of LA, VT, Puerto Rico, the Virgin Islands, and specific counties in AZ, CT, IL, KY, MN, MO, MT, NY, PA, SD, TX, WA - Due February 3, 2025

Please check the following website for specific filing and payment information: IRS reminder to disaster area taxpayers with extensions: All or parts of 14 states, 2 territories need to file 2023 returns by Feb. 3; others have until May 1

Hurricane Helene and Milton Relief

Due to the hazardous hurricanes that 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 relief for return filing (not payment) for the entire states AL, FL, GA, NC, SC - Due May 1, 2025
  • 2024 relief for entire states of AL, FL, GA, NC, SC - Return & Payment - Due May 1, 2025

Please check the following website for specific filing and payment information: IRS reminder to disaster area taxpayers with extensions: All or parts of 14 states, 2 territories need to file 2023 returns by Feb. 3; others have until May 1

Israel/Gaza Terrorist US Citizen Relief

Due to the terrorist attacks in Israel, the IRS has announced relief to affected individuals and businesses: The due date for 2023 and 2024 tax returns has been extended to September 30, 2025.

  • 2023 relief for return filing and payment for anyone affected by conflict in Israel, Gaza, or West Bank - Due September 30, 2025
  • 2024 relief for return filing and payment for anyone affected by conflict in Israel, Gaza, or West Bank - Due September 30, 2025

Please check the following website for specific filing and payment information: IRS announces new relief for taxpayers affected by terrorist attacks in Israel: 2023 and 2024 returns and payments are now due Sept. 30, 2025; other relief available

California - Los Angeles Wildfires (Los Angeles County) Relief

Due to the hazardous wildfires throughout Los Angeles County, the IRS has announced Wildfire Relief: The due date for 2023 and 2024 tax returns has been extended to October 15, 2025.

  • 2024 relief for filing and paying individual, S Corps, Nonprofits, and Payroll returns, tax due and estimated payments - Due date is now October 15, 2025
  • 2024 relief for IRA and health savings account contributions - Due date is now October 15, 2025

Please check the following website for specific filing and payment information: IRS: California wildfire victims qualify for tax relief; various deadlines postponed to Oct. 15

If you have any questions about these tax updates, please contact BakerAvenue.

Baker Avenue Asset Management is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Any opinions expressed reflect BakerAvenue's views as of the date of the recording and are subject to change without notice. References to specific securities should not be construed as personalized investment advice and do not represent all securities purchased, sold, or recommended for client accounts. It should not be assumed that any investment discussed was or will be profitable. BakerAvenue, its employees, and/or its clients may hold positions in the securities discussed. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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