WASHINGTON – The Internal Revenue Service has announced an extension for individuals and businesses in Israel affected by terrorist attacks, allowing them until October 7, 2024, to file various federal tax returns and make payments. This relief applies to deadlines falling within the period from October 7, 2023, to October 7, 2024.
The extension, detailed in Notice 2023-71, includes 2023 individual and business returns normally due March 15 and April 15, 2024, as well as quarterly estimated income tax payments and payroll and excise tax returns due throughout the year. Contributions to IRAs, health savings accounts, and other retirement plans also fall under this relief.
Taxpayers eligible for the extension include those whose principal residence or main place of business is in Israel, the West Bank, or Gaza. The IRS is automatically identifying and providing relief to taxpayers with an address of record in these areas. Additionally, the relief covers individuals affected by the attacks, including those killed, injured, or taken hostage, and relief workers from recognized organizations.
Those outside the covered area who require relief can contact the IRS disaster hotline. If a taxpayer within the scope of this relief receives a late filing or payment penalty notice, they should call the number on the notice to request the penalty be waived.
Furthermore, the IRS reminds taxpayers with an adjusted gross income of $79,000 or less in 2023 that they can use IRS Free File’s Guided Tax Software at no cost. Free File Fillable Forms are available to all, regardless of income. Military personnel and some veterans have access to MilTax, a Department of Defense program offering free tax return preparation and electronic filing.
This extension aims to provide support to those affected by the turmoil in Israel, allowing them to focus on recovery without the added concern of immediate tax obligations. The information is based on a press release statement from the IRS.
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