In response to the devastating impact of Hurricane Helene, the IRS has announced significant tax relief measures for individuals and businesses affected by the storm. As of October 1, 2024, taxpayers in Alabama, Georgia, North Carolina, South Carolina, and parts of Florida, Tennessee, and Virginia will have until May 1, 2025, to file various federal tax returns and make payments. This extension applies to both individual and business tax filings.

The IRS has postponed beginning dates for relief periods (which vary by state) as follows:

• Beginning September 22, 2024, for Alabama,
• Beginning September 23, 2024, for portions of Florida,
• Beginning September 24, 2024, for Georgia,
• Beginning September 25, 2024, for North Carolina, South Carolina, and portions of Virginia, and
• Beginning September 26, 2024, for portions of Tennessee.

You can find the full list of eligible areas on their website.

If you have any questions about how this extended deadline impacts your situation, please contact your CRI advisor. They have the latest information needed to provide personalized guidance and support, helping you navigate these challenging times.