IRS Announcement: Handling tax deadlines can be tough, especially after disasters like the wildfires that hit Hawaii in 2023. To help out, the IRS has provided extra tax relief for people and businesses affected by these events. This is a helpful support for those still dealing with the aftermath. Here’s a simple overview of the key details and resources you can use.
Extended Deadlines
If you’re a resident or business in Hawaii affected by the wildfires on August 8, 2023, the IRS has pushed back some important tax deadlines. You now have until August 7, 2024, to file your tax returns and make payments. This new deadline covers 2023 returns, payments, and other tax-related deadlines.
Just remember to stick to this new date to avoid extra fees or interest. Missing the extended deadline could lead to unnecessary financial issues, so be sure to mark your calendar and plan ahead.
Who Qualifies?
To get an extension on your deadlines, you need to be a taxpayer from an area affected by the disaster. This usually means individuals and businesses directly hit by the wildfires. The IRS requires that you submit your extension request on paper, so you can’t do it online. Make sure to mail your request to avoid any problems.
Meeting Deadlines
Even though you’ve got an extension, it’s important to file your tax return and pay any taxes you owe by the new deadline of August 7, 2024. Missing this deadline can lead to penalties, which could make your financial situation even tougher. Use the extra time wisely to get everything sorted out, but make sure you don’t put it off until the last minute.
IRS Assistance Programs
The IRS has a few great programs to help people with their taxes, especially if things are tough. One of the most helpful is the Volunteer Income Tax Assistance (VITA) program. VITA offers free tax help to people who usually earn $60,000 or less, those with disabilities, and people who don’t speak English well and need help with their tax returns.
Another valuable program is Tax Counseling for the Elderly (TCE). TCE provides free assistance with taxes, focusing on issues related to pensions and retirement for seniors. Both of these programs are fantastic resources if you need some extra help with your taxes.
Free Filing Options
If you’re a taxpayer in Hawaii or anywhere else in the U.S., you can use the IRS Free File program to get help with your taxes. This program offers free tax software to individuals and families who meet certain income limits. For 2023, if your Adjusted Gross Income (AGI) was $79,000 or less, you could file your taxes for free. This is a great option for those who qualify, making it easier and cheaper to get your taxes done.
For extra help with your taxes, the AARP Foundation’s Tax-Aide program offers free tax preparation assistance. This service is especially geared towards people who are 50 or older or have a low to moderate income. To find a local AARP Tax-Aide center, just visit their website.
To wrap up, the IRS has extended tax deadlines for those affected by the Hawaii wildfires, providing important relief. It’s important to keep track of the new deadlines and use the resources available to you to avoid any penalties. Whether you’re using VITA, TCE, or IRS Free File, these options can make filing your taxes easier and less stressful. Just remember, the new deadline for filing and payment is August 7, 2024—make sure you don’t miss it!
FAQs
Who can get an IRS deadline extension?
Taxpayers in disaster areas affected by the Hawaii wildfires.
When is the new tax deadline for Hawaii wildfire victims?
August 7, 2024.
What is VITA?
VITA stands for Volunteer Income Tax Assistance, a program that offers free help with taxes.
What’s the income limit for IRS Free File?
If your Adjusted Gross Income for 2023 is $79,000 or less, you qualify.
How do I find an AARP Tax-Aide center?
Check the AARP website for nearby locations.