In recognition of the devastating impact of the wildfires on Maui as well as Hawaii counties, the IRS is granting certain Hawaii residents tax deadline extensions.
In accordance with the IRS, certain tax filings as well as payments that were scheduled between August 8, 2023 and February 14, 2024 have been extended to February 15, 2024.
As with tax extensions of deadlines issued in the past year in response to natural disasters in several states, the IRS postponement for Hawaii aims to alleviate some of the immediate financial pressures that many Hawaiians are facing during this crucial phase of recovery.
IRS Tax Deadline Assistance for Hawaii
The original filing deadline for federal tax returns was October 16. Now, taxpayers have until February 15, 2024 to submit their returns. Nevertheless, this tax relief does not apply to tax payments for April 18-due 2022 tax returns.
Furthermore to the federal tax filing deadline extension, the IRS also extends the following deadlines:
- Additionally, the filing deadlines for quarterly payroll as well as excise tax returns, which were originally due on October 31, 2023 and January 31, 2024, have been pushed back to February 15, 2024.
- Previously due on September 15, 2023 and January 16, 2024, quarterly projected tax payments are now due on February 15, 2024.
- If payments are made by September 7, 2023, charges on payroll as well as excise tax deposits due on or after August 8, 2023 but prior to September 7, 2023 will be waived.
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Automatic Recognition System
The IRS is implementing an automatic recognition system for residents of designated disaster zones in Maui and Hawaii counties.
Consequently, you will receive extended tax benefits automatically, lowering the need for additional paperwork as well as easing administrative tension.
However, IRS assistance is not limited to these regions. Recognizing that the wildfires may have a cascading effect (affecting individuals who reside or operate businesses outside the designated areas), the IRS has established a disaster-specific hotline.
By dialing 866-562-5227, you can talk about your situation and possibly qualify for tax relief, even if it does not fall within predefined parameters.
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