Topline
The Internal Revenue Service (IRS) has extended the tax-filing deadline for residents of states hit by a recent bout of devastating storms.
Biden approved federal aid for property damage after Arkansas was ravaged by tornadoes Friday.
Key Facts
In a Monday announcement, the IRS added Arkansas to a growing list of states where residents will have more time to file their taxes, as tornadoes ravaged the state this past week.
The extension, which gives taxpayers until July 31 to file, applies to people living in parts of the state designated as disaster areas by the Federal Emergency Management Agency (FEMA), including those in Cross, Lonoke and Pulaski Counties.
The IRS said it will work with taxpayers outside the emergency-designated areas and may add other affected regions to its list of qualifying counties.
Since late February, the agency has announced extended tax deadlines for other states where residents have been affected by severe storms, including Alabama, California, Georgia, Mississippi and New York.
Key Background
The Biden Administration on Monday approved a disaster declaration for Arkansas, making federal funding available for the affected counties. Assistance can include grants for temporary housing, low-cost loans to cover uninsured property loss and aid for business owners.
Big Number
32. That’s the current death toll, reported Sunday, caused by the devastating storms and tornadoes that broke out across Arkansas and Tennessee on Friday. The Arkansas storms came less than a week after tornadoes killed more than 20 people in parts of Mississippi, resulting in an IRS deadline extension for those residents, also until the end of July.
Further Reading
Death toll rises to 32 after tornadoes rip through South and Midwest, leaving communities in ruin (CNN)
Large Tornado Hits Little Rock—Major Damage Reported (Forbes)
Source: https://www.forbes.com/sites/katherinehamilton/2023/04/04/irs-extends-tax-deadline-to-more-tornado-victims/