Vermont flooding victims now eligible for tax relief; Oct. 16 deadline, other dates extended to Nov. 15
Victims of recent flooding across Vermont now have extra time to file tax returns and make payments to the IRS, according to an announcement Tuesday.
The IRS is offering the relief to any taxpayer located in the 14 Vermont counties designated disaster areas by the Federal Emergency Management Agency.
The extended deadline of November 15, 2023 applies to various individual and business tax filings and payments originally due between July 9 and November 15. This includes individual tax returns on extension to October 16, quarterly estimated income taxes normally due September 15, and business returns on extension to September 15 or October 16.
Taxpayers in the eligible disaster areas, which include Addison, Bennington, Caledonia, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans, Rutland, Washington, Windham, and Windsor counties, automatically receive the deadline extension and don't need to contact the IRS. However, taxpayers living outside the disaster areas but unable to access records stored within it can also qualify for relief by calling the IRS disaster hotline.
In addition to postponed deadlines, the IRS said it will abate penalties on payroll and excise tax deposits due between July 9 and 25, as long as the deposits are made by July 25. The agency advises taxpayers receiving penalty notices for filings during the relief period to contact the IRS to have the penalties removed.
The extra time provides assistance to taxpayers dealing with losses from the flooding while trying to fulfill tax obligations.
