The IRS said Monday it will extend the tax filing deadline for Texas residents until June 15, after the state’s deadly weather disaster left millions in freezing temperatures without electricity or drinking water.
Because of Texas’ large population of 29 million, that means nearly one in 10 taxpayers will benefit from a tax extension this year.
“Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS is providing this assistance to the entire state of Texas,” the agency said in a statement Monday.
The new deadline applies to returns from individuals and businesses, as well as tax payments.
“It all stopped last week,” Brian Streig, a CPA from Austin, Texas, said in an online post. “The tax preparers weren’t preparing the returns and clients weren’t able to send us information or answer our questions about their returns. Most of us didn’t even have electricity. to make working from home an option. “
The grace period will be automatically applied; taxpayers will not need to fill out additional forms to request them.
Quarterly tax payments will also be extended. Individuals will also have until June 15 to make contributions to the IRA.
Some who live outside of Texas but work there, such as relief workers associated with recognized government and philanthropic organizations, may also be eligible.
People living in other areas declared disasters will also receive the same extensions, as the IRS did for Louisiana and Mississippi after Hurricane Zeta in October 2020.
The agency framed the extension as part of the comprehensive disaster assistance provided to victims of the winter storm in Texas.
“The tax relief is part of a coordinated federal response to damage from these storms and is based on local damage assessments by FEMA,” the agency said in the statement.
Streig noted that the IRS announcement came exceptionally quickly after the storm.
“Usually they take about a week to make some type of ad like this,” Streig said of the IRS. “I think they’ve developed more systematic ways of determining when to give extra time and for how long. But it was a very quick announcement and much appreciated by the tax preparer community in Texas.”