The IRS gives all Texas residents and businesses two additional months to file their federal income taxes, citing thethis has left millions of people without electricity and water. Texans will now have until June 15 to file their 2020 returns, instead of the usual April 15 deadline, the tax agency said on Monday.
The extension also includes any taxes that would have been due before April 15, as well as any business returns that would otherwise have been due on March 15, the IRS said. The Texans will also have until June 15 to make their contributions to the IRA 2020, the agency said.
The extension will be automatic for anyone living in Texas, meaning they won’t have to fill out any forms asking for more time to file.
“Following the recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), the IRS is providing this assistance throughout the state of Texas,” the IRS said in a statement.
Taxpayers from other states that have been affected by severe winter conditions may also be granted the same extension for filing their returns, as long as their states receive similar FEMA disaster reports due to the same storms, said. the IRS.
IRS last yearfor all U.S. taxpayers due to the , although this year it plans to keep its April 15 deadline for 2020 tax returns. With around 29 million people, Texans make up nearly 9% of the U.S. population, which means that around 1 in 10 taxpayers will benefit from an extension of their taxes this year.