February 22, 2024

Saluti Law Medi

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Extra Time to File State Taxes for Californians Impacted by December and January Winter season Storms

WHAT YOU Want TO KNOW: California is extending the tax filing deadline for Californians impacted by December and January winter season storms to Oct 16, 2023 – aligning with the IRS

SACRAMENTO – In addition to tax relief measures that Governor Gavin Newsom announced in January, California is also extending the condition tax filing and payment because of dates to Oct 16, 2023 for Californians impacted by the winter season storms in December and January. This aligns California with the Biden Administration, which introduced that the IRS extended numerous because of dates until October 16, as nicely.

“As communities across the state keep on recovering from the hurt induced by the winter storms, California is performing quickly to support recovering Californians get back again on their ft,” reported Governor Newsom. “The state is aligning with the Biden Administration and extending the tax filing deadline in addition to the tax reduction announced previously this calendar year.”

Very last thirty day period, Governor Newsom announced tax aid for people impacted by winter season storms, giving people the ability to declare a deduction for catastrophe decline and extending selected filing deadlines.

The adhering to counties are qualified for this prolonged tax aid, per the IRS announcements right here and listed here:

Citizens and corporations in Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Inyo, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Nevada, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo, and Yuba counties who have been affected by serious winter season storms, flooding, landslides, and mudslides are qualified for tax aid.

TAX EXTENSION

To enable alleviate some of the hardship quite a few have endured during this seeking interval, the FTB has prolonged the filing and payment deadlines for people and corporations in California right until October 16, 2023.

This reduction applies to deadlines slipping on or right after January 8, 2023, and ahead of Oct 16, 2023, which includes the 2022 person money tax returns thanks on April 18 and the quarterly approximated tax payments, ordinarily owing on January 17, 2023 and April 18, 2023. Those payments had been earlier prolonged to May possibly 15, 2023 for those people impacted by winter storms.

The IRS introduced tax reduction for Californians afflicted by these winter season storms. Taxpayers afflicted by these storms qualify for an extension to October 16, 2023 to file individual and business enterprise tax returns and make specified tax payments. This includes:

  • Persons whose tax returns and payments are thanks on April 18, 2023.

  • Quarterly approximated tax payments because of January 17, 2023, April 18, 2023, June 15, 2023, and September 15, 2023.

  • Company entities whose tax returns are normally thanks on March 15 and April 18.

  • PTE Elective Tax payments owing on June 15, 2023.

Saying Catastrophe LOSSES

Taxpayers impacted by a presidentially declared disaster may perhaps claim a deduction for a catastrophe decline. Taxpayers may perhaps assert a disaster reduction when filing possibly an original or amended tax 12 months 2022 tax return.

When submitting their return, taxpayers should really produce the identify of the catastrophe in blue or black ink at the major of their tax return to warn FTB. If submitting electronically, taxpayers ought to comply with the computer software instructions to enter catastrophe facts. If a taxpayer receives a late filing or payment penalty detect connected to the postponement interval, they should really get in touch with the amount on the notice to have the penalty abated.

Additional information and directions are offered in FTB Publication 1034, 2022 Catastrophe Reduction: How to Assert a Point out Tax Deduction.

Disaster victims can acquire absolutely free copies of their point out returns to substitute these dropped or harmed. To do so, they ought to use form FTB 3516 and create the title of the disaster in blue or black ink at the prime of the request.

For a complete checklist of all disasters declared in California, see the chart on FTB’s disaster decline webpage.

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