The Internal Revenue Service (IRS) announced that taxpayers in some Minnesota counties affected by recent storms are now eligible for an extension on their tax filing deadline.
Following severe storms and flooding in the North Star State in June of this year, individuals and households residing or doing business in 25 counties now have six additional months, until February 3, 2025, to file their federal individual and business tax returns and pay their taxes.
Parts of Minnesota were hit by heavy rains and storms beginning on June 16. In the days that followed, widespread flooding was reported, affecting infrastructure, homes and businesses. Later in the month, a state of emergency was declared for 22 counties.
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The following areas are affected by the aid measures:
- Blue Earth District
- Carver County
- Cass County
- Cook County
- Cottonwood area
- Faribault County
- Fillmore Area
- Freeborn County
- Goodhue County
- Itasca County
- Jackson County
- Lake County
- Le Sueur County
- Mower County
- Murray County
- Nicollet County
- County of Nobles
- Pipestone area
- Rice County
- Rock County
- St. Louis County
- County of Steele
- Wabasha County
- Waseca County
- Watonwan County
For those working in these areas, the following will now be due in February 2025:
- Quarterly advance payments of income tax, normally due on June 17 and September 16, 2024 and January 15, 2025.
- Quarterly payroll and excise tax returns are normally due on July 31 and October 31, 2024 and January 31, 2025.
- Any individual, business, or tax-exempt organization that has already received an approved extension to file its 2023 federal tax return. However, payments on those returns are not eligible for the additional deadline because they were due before the June storms.
In addition to the extended filing and payment deadline, all penalties for unpaid payroll and excise tax deposits due on or after June 16 and before July 1 of this year will be eliminated, provided the deposits were made by July 1.
Taxpayers with a registered home or business address in the disaster areas do not need to contact the IRS to obtain the extension, which will be applied automatically. As more counties are added for relief, they will be listed on the Disaster Tax Relief page on the IRS website.
Numerous extensions for tax relief for those affected by storms and natural disasters have already been announced for 2024.
Residents of South Carolina, North Carolina, Florida and Georgia affected by Hurricane Debby also have until February 3 of next year to file their outstanding tax returns. After Hurricane Beryl hit Texas in early July and killed six people, the IRS granted tax relief to 67 counties in the Lone Star State.
