Tax Deadline Extended for Victims of Hurricanes Harvey and Irma
H&R Block advises upcoming tax deadlines for victims of recent disasters
As Texas and Florida residents cope with Hurricanes Harvey and Irma, H&R Block explains the recently announced tax relief. The disaster, where impacted victims may be eligible for tax relief including an extended filing deadline, affects counties throughout southeast Texas, the state of Florida, Puerto Rico and the U.S. Virgin Islands.
“Taxpayers need to know how to navigate deadlines and filing requirements in light of flooding, storm surges and other damage,” said Jackie Perlman, principal tax research analyst at The Tax Institute at H&R Block.
The IRS has granted late-filing relief to affected taxpayers. Individuals and businesses in the affected disaster areas have until January 31, 2018 to file their October 16 extended tax returns, estimated tax payments due on September 15, 2017 and January 16, 2018 and quarterly payroll tax returns due on October 31. Affected taxpayers will not be subject to penalties for failure to pay estimated tax if payments are made by January 31, 2018.
Generally, the IRS identifies affected taxpayers located in the disaster area and automatically applies filing and payment relief. However, a taxpayer could live outside the disaster area and be eligible for relief and would need to call the IRS at 1-866-562-5227 to request tax relief.
Taxpayers should check the IRS disaster site for relief information or contact H&R Block at 1-800-HRBLOCK for additional information.
About H&R Block
H&R Block, Inc. (NYSE: HRB) is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in approximately 12,000 company-owned and franchise retail tax offices worldwide, and through H&R Block tax software products for the DIY consumer. H&R Block also offers adjacent Tax Plus products and services. In fiscal 2017, H&R Block had annual revenues of over $3 billion with 23 million tax returns prepared worldwide. For more information, visit the H&R Block Newsroom.
The tax deadline moved back a couple days, along with H&R Block’s extended hours, gives procrastinators more time and more help to file.
Millions of Americans still need to file their taxes. Experts challenge the stigma of procrastination and explain ways to overcome or use it to your advantage.
Millions of taxpayers wait until the last minute to file their tax returns. In the past, more than one in three taxpayers who filed before the April deadline waited until April to file.
The IRS offers an extension of time to file a tax return, but not to pay any taxes due. Know what is required to avoid or minimize penalties for missing the tax deadline.