SAN ANGELO, TX --The IRS has announced Texas residents will now have until June 15th to file their federal taxes.
According to the IRS, the decision was made as a result of FEMA issuing a disaster declaration after the extreme winter storm caused substantial problems for residents of the Lone Star State.
According to the agency, Texas taxpayers will have the chance to claim losses suffered during the Valentine's Day storm on their 2020 return.
"Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can claim them on the return for the year the loss occurred (in this instance, the 2021 return normally filed next year), or the return for the prior year."
The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area.
If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment, or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.
The IRS disaster relief page has details on other returns, payments, and tax-related actions qualifying for the additional time.
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