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Tax Byte

with Jessica L. Jeane, J.D.

CALIFORNIA CORNER: IRS Announces Disaster Relief, Postponed Filing Deadlines

Jessica L. Jeane, J.D.

Jessica L. Jeane, J.D.

VP, Tax Policy & Strategic Partnerships

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DISASTER RELIEF: The IRS announced today that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The current list of eligible localities is available on the IRS’s disaster relief page.
THE DETAILS: The IRS’s announcement provides the following tax relief:
  • postpones various tax filing and payment deadlines that occurred starting on Jan. 8, 2023, which means affected individuals and businesses will have until May 15, 2023, to file returns and pay any taxes that were originally due during this period;
  • postpones 2022 individual income tax returns due on April 18, as well as various 2022 business returns normally due on March 15 and April 18 to May 15, 2023, and 
  • eligible taxpayers will have until May 15, 2023, to make 2022 contributions to their IRAs and health savings accounts.

Further, the May 15, 2023, deadline also applies to the quarterly payroll and excise tax returns normally due on Jan. 31 and April 30, 2023. Additionally, penalties on payroll and excise tax deposits due on or after Jan. 8, 2023, and before Jan. 23, 2023, will be abated as long as the tax deposits are made by Jan. 23, 2023.

Check out the IRS disaster relief page for more details on other returns, payments and tax-related actions qualifying for the postponed deadline.

Update 1/13/2023: The California Franchise Tax Board (FTB), in conformity with the IRS, has extended filing and payment deadlines for applicable individuals and businesses in California until May 15, 2023. The Governor’s January 13 press release can be viewed HERE. The FTB’s January 13 press release can be viewed HERE.

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