Due to the destruction caused by Tropical Storm Debby beginning on August 9, 2024, in parts of Pennsylvania, the Internal Revenue Service (IRS) has announced that affected taxpayers will receive tax relief.
The tax relief postpones until February 3, 2025, certain deadlines falling on or after August 9, 2024, and before February 3, 2025. Deadlines that apply to individual retirement accounts (IRAs), Health Saving Accounts (HSAs), Coverdell Education Savings Accounts (CESAs), and other tax-advantaged accounts that fall within this time-period are extended. The IRS’s Disaster Assistance and Emergency Relief for Individuals and Businesses page has details on returns, payments, and tax-related actions qualifying for the additional time.
Please note that unless an act is specifically listed in Revenue Procedure 2018-58, the postponement of time to file and pay does not apply to information returns in the W-2, 1094, 1095, 1097, 1098, or 1099 series; to Forms 1042-S, 3921, 3922 or 8027; or to employment and excise tax deposits.
