Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims

(Image credit: Getty Images)

Victims of February's winter storms in Texas, Oklahoma and Louisiana can wait until June 15, 2021, to file their 2020 federal income tax return. This announcement from the IRS follows a disaster area declaration from the Federal Emergency Management Agency (FEMA) for those three states. Taxpayers in other states impacted by the storms that receive similar FEMA disaster declarations will automatically receive the same filing and payment relief.

2021 Child Tax Credit Calculator

Various federal tax filing and payment due dates for individuals and businesses from February 8 (Oklahoma) or February 11 (Texas and Louisiana) to June 14 will be shifted to June 15. In addition to the May 17 personal income tax filing deadline, this includes:

Various 2020 business returns usually due on March 15;
2020 IRA contributions originally due on May 17;
Quarterly estimated income tax payments normally due on April 15;
Quarterly payroll and excise tax returns ordinarily due on April 30; and
2020 returns for tax-exempt organizations typically due on May 17.

In Oklahoma, penalties on payroll and excise tax deposits due from February 8 to February 23 will also be waived if the deposits are made by February 23. In Texas and Louisiana, the same applies for deposits due from February 11 to February 26 they're are made by February 26.

From just $107.88 $24.99 for Kiplinger Personal Finance

Become a smarter, better informed investor. Subscribe from just ~~$107.88~~ $24.99, plus get up to 4 Special Issues

CLICK FOR FREE ISSUE

https://cdn.mos.cms.futurecdn.net/flexiimages/y99mlvgqmn1763972420.png

Sign up for Kiplinger’s Free 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.

You don't have to contact the IRS to get this relief. However, if you receive a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, you should call the number on the notice to have the penalty abated.

"Plus-Up" Stimulus Checks Have Already Been Sent to 9 Million Americans – Will You Get One Too?

In addition, the IRS will work with any taxpayer who live elsewhere, but whose records necessary to meet a deadline occurring during the postponement period are located in Texas, Oklahoma or Louisiana. Taxpayers qualifying for relief who live in another state need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.

Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2021 return normally filed next year), or the return for the prior year. This means that taxpayers can, if they choose, claim these losses on the 2020 return they are filling out this tax season. Be sure to write the FEMA declaration number (4586 for Texas, 4587 for Oklahoma, 4590 for Louisiana) on any return claiming a loss. It's also a good idea for affected taxpayers claiming the disaster loss on a 2020 return to put the Disaster Designation (e.g., "Oklahoma – Severe Winter Storms") in bold letters at the top of the form. See IRS Publication 547 for details.

[NOTES: Similar tax relief is available for victims of severe storms in Alabama, Kentucky and Tennessee. In addition, taxpayers in certain Louisiana parishes may get an additional extension for storms and flooding that began on May 17.]

The IRS Just Sent More Unemployment Tax Refund Checks

TOPICS

Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.