IRS extends tax deadline for victims of hurricanes Helene and Milton

The Internal Revenue Service (IRS) on Friday delayed its tax filing deadline for victims of hurricanes Helene and Milton who have already been approved for extensions, now allowing the survivors to file their 2023 taxes on May 1. 

The hurricanes devastated areas in the Southeast, including North and South Carolina, Georgia, Tennessee, Florida, and Virginia. Hurricane Helene was the strongest hurricane, making landfall late last month as a Category 4 storm. Hurricane Milton hit Florida on Wednesday as a Category 3. 

The extension only applies to residents in disaster areas that have been impacted by the storm, the agency said. The extension also coincides with the same date that the 2024 tax filings are due.

The agency is also offering free tax record transcripts for victims of the hurricanes who lost certain documents, and residents who had to relocate because of the storms are encouraged to notify the IRS of a change in address.

The Federal Reserve said it is also working to help ease some of the financial stress of living through a major disaster, by sending more cash to banks that are in impacted areas so customers can retrieve whatever they need, according to The Hill.

“We have the ability through the reserve banks to make sure that the banks have available cash so that if power is out for a significant amount of time, there’s enough cash to do transactions,” Federal Reserve Chairman Jerome Powell said after Hurricane Helene.

Misty Severi is an evening news reporter for Just The News. You can follow her on X for more coverage