South Carolina Tax Relief Following Tropical Storm Idalia
The IRS has granted tax deadline relief to South Carolina taxpayers impacted by Tropical Storm Idalia. Here’s everything you should know.
Following Tropical Storm Idalia, the IRS has granted tax relief to South Carolina residents impacted by the storm. The relief includes certain extended federal tax filing and payment deadlines. Some state tax filing and payment deadlines have also been extended. The tax deadline extension for South Carolina follows several other storm-related tax extensions, including a Florida tax deadline extension following Hurricane Idalia.
Tropical Storm Idalia hit South Carolina on Aug. 30 and brought with it severe flooding. Water levels reached more than nine feet in areas of Charleston, and more than 30,000 South Carolina residents were still left without power the day after the storm.
South Carolina tax relief
The IRS has announced tax relief for South Carolina residents impacted by Idalia. Taxpayers in the state now have until Feb. 15, 2024, to file certain tax returns and make tax payments that were originally due between Aug. 29, 2023, and Feb.15, 2024. The extensions include (but may not be limited to the following):
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
- Impacted taxpayers in South Carolina now have until Feb. 15 to file quarterly payroll and excise tax returns that were normally due on Oct. 31, 2023, and Jan. 31, 2024.
- Penalties for the failure to make payroll and excise tax deposits due between August 29, 2023, and Sept. 13, 2023, will be waived as long as payments are made by Sept. 13, 2023.
- Taxpayers who were granted an original tax deadline extension of Oct. 16 now have until Feb. 15 to file their individual tax returns.
Note: Since tax payments for individual tax returns with an original extended filing deadline of Oct. 16 were due on April 18 (Tax Day), there is no tax extension for payments tied to these tax returns.
South Carolina taxpayers also have more time to make estimated tax payments that would have normally been due on Sept. 15, 2023, and Jan. 16, 2024. These payments are now due on February 15, 2024.
Areas affected by Hurricane Idalia
While areas on South Carolina’s Atlantic coast, such as Charleston and Myrtle Beach, experienced heavier flooding, all taxpayers in South Carolina who were impacted by Tropical Storm Idalia qualify for tax relief.
Additionally, some taxpayers who do not live in South Carolina may qualify for federal tax extensions, such as those who have records located in the state. Taxpayers who live outside of South Carolina but who qualify for tax relief should contact the IRS at 1- 866-562-5227.
Some ways taxpayers can prepare for natural disasters include securing documents and storing essential paperwork in digital format.
Is the South Carolina state tax deadline extended?
The South Carolina Department of Revenue has announced extended tax deadlines for impacted residents.
- Taxpayers who requested 2022 tax return extensions are automatically granted a South Carolina extended tax deadline of Feb. 15, 2024.
- South Carolina business income tax returns that were originally due between Aug. 29 and Feb. 15 are now due on Feb. 15, 2024.
- Estimated tax payments originally due between Sept. 15, 2023, and January 16, 2024, are now due Feb. 15, 2024.
- Certain quarterly withholding tax returns and payments also have an extended deadline of Feb. 15.
For more information on state-specific tax relief, taxpayers can visit the Idalia relief information letter issued by the South Carolina Department of Revenue.
Related Content
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
Katelyn has more than 6 years’ experience working in tax and finance. While she specializes in tax content, Katelyn has also written for digital publications on topics including insurance, retirement and financial planning and has had financial advice commissioned by national print publications. She believes that knowledge is the key to success and enjoys helping others reach their goals by providing content that educates and informs.
-
How to Help Your Kids Without Ruining Your Retirement
Here are some general considerations to ensure the gift of assets to your kids will not negatively affect your financial future.
By Mario Hernandez Published
-
AI to Power the Next Generation of Robots
The Kiplinger Letter There's increasing buzz that the tech behind ChatGPT will make future industrial and humanoid robots far more capable.
By John Miley Published
-
Georgia Has a New 2024 Income Tax Rate
Tax Cuts Georgians now have a tax package containing income tax cuts, childcare relief, and potential property tax caps.
By Kelley R. Taylor Last updated
-
A Bunch of IRS Tax Deductions and Credits You Need to Know
Tax Breaks Lowering your taxable income is the key to paying less to the IRS. Several federal tax credits and deductions can help.
By Kelley R. Taylor Last updated
-
Don’t Miss This $2,500 Tax Break for Paying Your Student Loan
Tax Deductions Do you qualify for the student loan interest deduction this year?
By Katelyn Washington Last updated
-
Six Tax Breaks That Get Better With Age
Tax Breaks Depending on your age, several tax credits, deductions, and amounts change — sometimes for the better.
By Kelley R. Taylor Last updated
-
Biden Proposes New Homebuyer Tax Credits
Tax Credits President Biden is calling for new middle-class tax breaks including a mortgage tax credit.
By Kelley R. Taylor Last updated
-
Will Florida Property Tax Be Eliminated?
Property Taxes A new proposal is raising questions about revenue generation in the Sunshine State.
By Kelley R. Taylor Published
-
States That Won't Tax Your EV
State Tax Most states impose additional fees on electric vehicles, but these states don’t penalize EV owners, and some also offer other tax incentives.
By Kelley R. Taylor Last updated
-
Tax Season is Here: Big IRS Tax Changes to Know Before You File
Tax Filing Tax deductions, tax credit amounts, and some tax laws have changed for the 2024 tax filing season.
By Kelley R. Taylor Last updated