Hurricane Milton as of October 7, 2024. Credit: NOAA
Employers impacted by Hurricane Helene and Hurricane Milton during the past few weeks may have access to disaster-related tax relief related to tax returns, payments and tax-advantaged accounts including Health Savings Accounts (HSAs.)
The IRS has postponed deadlines for affected taxpayers falling on or after each impacted state's effective date. Taxpayers in these areas now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments. Among other things, this includes 2024 individual and business returns normally due during March and April 2025, 2023 individual and corporate returns with valid extensions and quarterly estimated tax payments.
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