IRS announces tax relief for taxpayers impacted by severe storms, straight-line winds, and tornadoes in Florida

The IRS is offering tax relief to Florida residents affected by recent severe storms, straight-line winds, and tornadoes. Key benefits include:

Extended Deadlines: More time to file returns and pay taxes.

Penalty Waivers: No penalties for late filing or payments during the relief period.

Loss Claims: Option to claim disaster-related losses on this year’s or last year’s tax return for faster refunds.

This relief aims to ease the financial burden on those impacted by the severe weather. For more information, visit the IRS website or consult a tax professional. For more information click here.