IRS Extends Tax Filing and Payment Deadline to February 15 for Hawaii Wildfire Victims

In the wake of the devastating wildfires that have swept through parts of Hawaii, the Internal Revenue Service (IRS) has announced a crucial measure to support those affected.

The IRS has decided to grant an extension for tax filing and payments specifically for Hawaii residents who have been impacted by the wildfires. The new deadline for these individuals is now set for February 15.

This extension comes as a relief to many taxpayers who have been dealing with the aftermath of the wildfires, which have caused widespread destruction and displacement.

The IRS recognizes the challenges that the victims are facing and hopes that this extension will provide them with the time they need to get their affairs in order without the added stress of imminent tax deadlines.

Individuals and businesses located in the affected disaster areas are automatically eligible for this extended deadline.

This encompasses not only the filing of tax returns but also any tax payments that would have been due during the period starting from the onset of the wildfires and ending on February 15. No additional paperwork or requests are necessary to take advantage of this extension.

IRS Support Amid Hawaii Wildfires

irs-extends-tax-filing-and-payment-deadline-to-february-15-for-hawaii-wildfire-victims — In the wake of the devastating wildfires that have swept through parts of Hawaii, the Internal Revenue Service (IRS) has announced a crucial measure to support those affected.

It’s important to note that the IRS will also waive any late-payment penalties for those who qualify. However, interest will still accrue on unpaid taxes from the original deadline of the tax return, which, in most cases, is typically April 15.

Taxpayers should be prepared to calculate and settle any interest accrued after the new February 15 deadline.

Taxpayers who reside outside the designated disaster areas but have been directly affected by the wildfires may also qualify for relief on a case-by-case basis. They will need to contact the IRS to determine their eligibility.

The IRS’s decision to extend the tax filing and payment deadline for Hawaii wildfire victims is part of its ongoing effort to provide support and assistance during times of natural disasters.

The agency is committed to helping individuals and businesses get back on their feet as they recover from the devastating impact of the wildfires.

Source: Forbes