International Revenue Service Extends Tax Deadlines for Minnesotans Affected by Severe Weather
Penalty Relief for Payroll Tax Deposits: IRS Offers Forgiveness for Delayed Payments
The IRS has extended the tax deadline for Minnesotans hit by severe storms and flooding. You now have until February 3, 2025, to file and pay taxes due from June 16, 2024, to February 3, 2025. For details on affected areas, visit the IRS website.
The extra time covers various tax responsibilities, like estimated income tax payments and payroll tax returns. Penalties for missed payroll tax deposits due from June 16 to July 1, 2024, will be forgiven if deposits are made by July 1, 2024. If your address doesn’t reflect the disaster area but you were affected, contact the International Revenue Service for help.
READ ALSO: Job Market Jolt: California Sees Slight Increase in Unemployment, Nation Experiences Decline
Claim Disaster Losses and Access Free Tax Help for Affected Minnesotans
You can also claim disaster-related losses on your 2023 or 2024 tax returns. Disaster relief payments are not taxed, and there are special options for early retirement withdrawals without extra tax. Free tax help is available through programs like VITA and International Revenue Service Free File.