IRS Announces Extended Tax Deadlines in California Due to Storms

The IRS has announced the postponement of various tax deadlines due to the disaster declaration in San Diego County. Filings and payments originally due between January 21, 2024 and June 17, 2024 are now due on June 17, 2024. The Franchise Tax Board has announced that California will conform with the postponed deadlines.

Deadlines Impacted by Extended Tax Deadlines in California

Some deadlines that impact taxpayers within these dates include:

• Payment of 2024 1st quarter estimated taxes due April 15, 2024
• Filing individual and business income tax returns normally due in March and April
• Payment of income taxes normally due in March and April, including pass-through entity tax payments
• Filing individual and business income tax return extensions (although extensions needed beyond June 17 should still be filed by April 15 in order to be e-filed)
• Payment of income tax with extensions
• Tax-exempt organization returns normally due in May
• 2023 IRA and health savings account contributions
• Other deadlines listed in Rev. Proc. 2018-58

Payment and reporting of quarterly payroll and excise taxes can also be deferred to various dates, depending on additional circumstances.

Who is Impacted by Extended Tax Deadlines in California

This deferral currently only applies to taxpayers:  

• Who reside or have businesses within San Diego County, or
• Have records necessary for compliance with the deadlines located in San Diego County (Taxpayers impacted in this way should contact their advisors for further guidance).

This relief is expected to be automatic; however, taxpayers may receive notices assessing penalties for postponing. These penalties can be abated by contacting the IRS and FTB.

Taxpayers within San Diego County also have the ability to claim disaster-related casualty losses on their 2023 or 2024 federal income tax returns. This provides taxpayers with the opportunity to receive the tax benefit more quickly. This applies to uninsured or unreimbursed disaster losses.