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By Aliss Higham
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Taxpayers in some Minnesota counties that have been affected by recent severe weather now qualify for tax deadline extensions, the Internal Revenue Service (IRS) has announced.
Following severe storms and flooding in the North Star State in June this year, individuals and households that reside or have a business in 25 counties now have until February 3, 2025, an extra six months, to file federal individual and business tax returns and make tax payments.
Parts of Minnesota were battered by heavy rain and storm conditions beginning on June 16. Widespread flooding affecting infrastructure, homes and businesses was reported in the following days. A presidential disaster declaration was issued for 22 counties later in the month.
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The following areas are included in the relief measures:
- Blue Earth County
- Carver County
- Cass County
- Cook County
- Cottonwood County
- Faribault County
- Fillmore County
- Freeborn County
- Goodhue County
- Itasca County
- Jackson County
- Lake County
- Le Sueur County
- Mower County
- Murray County
- Nicollet County
- Nobles County
- Pipestone County
- Rice County
- Rock County
- St. Louis County
- Steele County
- Wabasha County
- Waseca County
- Watonwan County
For those in these areas, the following will now be due in February 2025:
- Quarterly estimated income tax payments normally due on June 17 and September 16, 2024, and January 15, 2025.
- Quarterly payroll and excise tax returns normally due on July 31 and October 31, 2024, and January 31, 2025.
- Any individual, business or tax-exempt organization that already has an approved extension to file their 2023 federal return. However, payments on these returns are not eligible for the extra time because they were due before the June storms took place.
As well as the extended time to file and pay, any penalties applied for unpaid payroll and excise tax deposits that were due on or after June 16 and before July 1 this year will be canceled, so long as the deposits were made by July 1.
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Taxpayers with registered home or business addresses located in the disaster areas do not need to contact the IRS to get the extension, which is applied automatically. If any further counties are added to the relief, they will be listed on the tax relief in disaster situations page on the IRS website.
Numerous tax relief deadline extensions for those impacted by severe weather and natural disasters have already been announced so far in 2024.
Those impacted by Hurricane Debby in South Carolina, North Carolina, Florida and Georgia also have until February 3 next year to file outstanding tax returns. Following Hurricane Beryl, which hit Texas in early July and killed six people, 67 counties in the Lone Star State were granted tax relief by the IRS.
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