Following severe tornadoes in areas of Oklahoma, the IRS has extended some tax filing and payment deadlines for impacted residents. The Oklahoma extended tax filing deadline comes after the original IRS tax deadline of April 18, but impacted Oklahoma residents have an extension to pay any taxes — or estimated taxes — due. Storm victims in the state now have until August 31, 2023 to file tax returns and make payments that were originally due between April 19 and August 31.
Eight tornadoes were confirmed in the region, resulting in at least three confirmed deaths in McClain County on April 26. The devastating storms reportedly caused 23,000 residents to lose power and damaged approximately 100 homes in the county.
The Oklahoma tax deadline extension follows IRS extended deadlines for several other states, including California, Georgia, Alabama, Tennessee, Mississippi, Arkansas, New York, and Indiana. However, not all of these areas have an extension of August 31.
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.
New IRS Tax Deadline for Some Oklahoma Residents
What areas qualify for the tax extension? This extended tax deadline for Oklahoma applies to impacted residents of McClain and Pottawatomie Counties. As of now, no new areas are expected to be added, but taxpayers can check the IRS’s Disaster Relief page for the most up-to-date list of affected disaster areas.
What if you live outside of these counties? If you live outside of the disaster area but have records located in the affected areas that impact your ability to file your taxes, contact the IRS at 866-562-5227.
Estimated Tax Payments
The IRS extended deadline applies to quarterly estimated tax payments originally due between April 19 and August 31. The April 18 deadline has not been extended.
However, impacted Oklahoma residents have an extension to pay estimated taxes that would normally be due on June 15. No penalty will be applied to estimated tax payments originally due on June 15 as long as they are made by the new August 31 deadline.
Tax Relief in Oklahoma
Residents impacted by the Oklahoma tornadoes can claim casualty losses on their 2023 tax returns. Losses can include expenses from damages not reimbursed or covered through insurance. Affected taxpayers can claim the casualty loss without having to itemize deductions but need to follow instructions outlined by the IRS.
Additionally, Oklahoma storm victims can request copies of prior year tax returns without a fee. The IRS provides special instructions for Oklahoma storm victims to request free copies.
When are Oklahoma State Taxes Due?
Oklahoma state tax returns and payments were due April 18. Since the IRS tax extension only applies to due dates of April 19 through August 31, there is no extension on state filing or payments due by the original April 18 deadline.
However, if you filed a federal extension, Oklahoma will grant an automatic extension so long as no tax was due to the state. Oklahoma has not yet announced extensions on other tax due dates.
-
'Instant' EV Tax Credits Are a Hit: $580M Paid This YearEV Credits Claiming federal electric vehicle tax credits at the point of sale is a new and popular option in 2024.
-
Retirees Face Significant Tax Bills Due to FraudFraud A new report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.
-
Tax Day: Is the Post Office Open Late?Tax Filing Tax Day means some people need to mail their federal income tax returns.
-
High Earners: Beware of These Illegal Schemes to Lower TaxesTax Schemes The IRS says high-income filers are targets for several illegal tax schemes.
-
Mailing Your Tax Return This Year? What to Know Before You DoTax Filing There are plenty of reasons not to mail your tax return this year, but here’s what you should know if you are.
-
IRS Warning: Beware of Smishing and 'Helper' Tax ScamsScams Tax season is a time to look out for email and text message scams.
-
Most Expensive States to Live in for HomeownersProperty Taxes High property tax bills make the places on this list the most expensive states for homeowners to live in.
-
Don’t Miss This $2,500 Tax Break for Paying Your Student LoanTax Deductions Do you qualify for the student loan interest deduction this year?
