IRS announces tax relief for taxpayers affected by tornadoes in Ohio
Taxpayers have until September 3, 2024, to file federal individual and business tax returns and make tax payments.
The IRS today announced tax relief for individuals and businesses in Ohio affected by tornadoes that began March 14, 2024. The affected taxpayers have until September 3, 2024, to file federal individual and business tax returns and make tax payments.
According to today’s IRS release—IR-2024-141—the relief applies to areas designated by the Federal Emergency Management Agency (FEMA), including several counties in Ohio: Auglaize, Crawford, Darke, Delaware, Hancock, Licking, Logan, Mercer, Miami, Richland, and Union.
The relief postpones various tax filing and payment deadlines from March 14, 2024, through September 3, 2024. This includes:
- Individual income tax returns and payments normally due on April 15, 2024
- 2023 contributions to individual retirement arrangements (IRAs) and health savings accounts for eligible taxpayers
- Quarterly estimated income tax payments normally due on April 15 and June 17, 2024
- Quarterly payroll and excise tax returns normally due on April 30 and July 31, 2024
- Calendar-year partnership and S corporation returns normally due on March 15, 2024
- Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2024
- Calendar-year tax-exempt organization returns normally due on May 15, 2024
Penalties for failing to make payroll and excise tax deposits due on or after March 14, 2024, and before March 29, 2024, will be abated as long as the deposits were made by March 29, 2024. The IRS will automatically provide filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area.
Taxpayers who need a tax-filing extension beyond September 3, 2024, can file Form 4868 with the IRS. Payments are still due on September 3, 2024.
Additional relief may be available to affected taxpayers who participate in a retirement plan or IRA.