IRS Tax Relief-Hurricane Beryl-FAQ

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The IRS has postponed Tax-Filing and Tax-Payment deadlines to Feb 03, 2025.
If you reside in or have a business in one of the counties affected by Hurricane Beryl and have an extension filed for your individual or business income tax return, the filing deadline has been postponed to Feb 03, 2025.

If you have Quarterly Estimated Tax Payments originally due on Sept. 16, 2024 and Jan. 15, 2025, you now have until Feb 03, 2025 to pay.

Which counties qualify for tax relief?
Anderson, Angelina, Aransas, Austin, Bowie, Brazoria, Brazos, Burleson Calhoun, Cameron, Camp, Cass, Chambers, Cherokee, Colorado, Dewitt, Fayette, Fort Bend, Freestone, Galveston, Goliad, Gregg, Grimes, Hardin, Harris, Harrison, Hidalgo, Houston, Jackson, Jasper, Jefferson, Kenedy, Kleberg, Lavaca, Lee, Leon, Liberty, Madison, Marion, Matagorda, Milam, Montgomery, Morris, Nacogdoches, Newton, Nueces, Orange, Panola, Polk, Refugio, Robertson, Rusk, Sabine, San Augustine, San Jacinto, San Patricio, Shelby, Trinity, Tyler, Upshur, Victoria, Walker, Waller, Washington, Webb, Wharton and Willacy. The IRS may add more counties to this list.

Do I need to contact the IRS to request relief?
No, if you or your business have an IRS address of record located in the covered counties, the IRS automatically applies filing and payment relief.

If I live outside of the affected area, but my records are with my bookkeeper who lives in the affected area, am I eligible for filing relief?
Yes, but because you or your business are outside of the affected area, you need to contact the IRS at (866)-562-5227 to request tax relief.

Can I deduct losses caused by Hurricane Beryl?
Yes, you may be able to deduct some of the losses.

Do I deduct the losses on my 2023 tax return or 2024 tax return?
You can deduct eligible losses on either 2023 or 2024 tax return.

I needed to withdraw money from my retirement plan or IRA to pay for the repair of my house that was damaged during Hurricane Beryl, do I have to pay the 10% penalty?
You may be eligible to be exempt from the 10% early distribution penalty and allowed to spread that income over 3 years.

What form do I use to claim the losses?
See Form 4684, and Publication 547

**DISCLAIMER The information provided in this article is for informational purposes only. It may be time sensitive and changed after publication. It is indicative only and non-exhaustive. It does not constitute professional advice, nor should it be considered a substitute for advice on your specific situation from your advisors.

**Updated on 08/02/2024