IRS Announces Tax Relief for Rhode Island Residents Affected by Severe Storms
This week, the IRS has granted tax relief to individuals and businesses in parts of Rhode Island impacted by severe storms, flooding, and tornadoes that began on September 10th, 2023. Affected taxpayers in designated areas, including Providence County, now have until June 17, 2024, to file federal individual and business tax returns and make payments. The relief, applicable to areas later added to the disaster zone, covers various tax deadlines from Sept. 10, 2023, through June 17, 2024. This includes postponing deadlines for income tax returns, IRA contributions, estimated tax payments, and various other filings. Individuals and businesses with extended 2022 tax returns also have until June 17, 2024, to file. Penalties for certain tax deposits will be abated, and additional relief options are outlined for disaster-related losses and qualified disaster relief payments.
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