Hurricane Ida Tax Relief in NY: Updates and Extensions

Hurricane Ida

In the wake of Hurricane Ida’s destruction across parts of New York and New Jersey, lawmakers have extended certain federal tax deadlines. Various individual and business tax returns and payments, previously due on September 15 or October 15 of 2021, will now be accepted until January 3, 2022. The new federal deadline also applies to:

  • Individuals who had a valid extension to file their 2020 return that is due to run out on Oct. 15
  • Quarterly estimated income tax payments, due on Sept. 15
  • Quarterly payroll and excise tax returns, normally due on Nov. 1
  • Tax-exempt organizations, operating on a calendar-year basis, that had a valid extension due to run out on Nov. 15

Penalties on payroll and excise tax deposits, due on or after Sept. 1 and before Sept. 16, will be abated as long as the deposits are made by Sept. 16.

Regions Affected

According to the IRS, they are offering relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual or public assistance. In New York, this currently includes Bronx, Kings, New York, Queens, Nassau, Richmond and Westchester counties, and in New Jersey, it includes Bergen, Gloucester, Hunterdon, Middlesex, Passaic and Somerset counties.”

Suffolk County on Long Island has been declared ineligible to qualify for these tax deadline extensions.

Visit the IRS website for updates on eligible localities.

Additional Guidance

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area.

Further, they will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227.

Not sure whether your tax payments fall under these deadline extensions? As always, we are here to help. Contact us at (631) 368-3110.