On February 24, 2023, the Internal Revenue Service announced that disaster areas in California (and parts of Alabama and Georgia) now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments. Previously, the deadline had been postponed to May 15 for these areas.
Please see our February article for more information!
For California taxpayers in designated disaster areas, the additional relief postpones until October 16, various state tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns. This includes:
- Individual income tax returns, originally due on April 18, 2023;
- Various business returns, normally due on March 15, 2023, and April 18, 2023; and
- Returns of tax-exempt organizations, normally due on May 15, 2023.
Eligible taxpayers will have until October 16 to make 2022 contributions to their IRAs and health savings accounts.
The October 16 deadline also applies to the estimated tax payment for the fourth quarter of 2022, originally due on January 17, 2023. This means that taxpayers can skip making this payment and instead include it with the 2022 return they file on or before October 16.
The October 16 deadline also applies to any estimated taxes due on April 18, June 15, and September 15. It also applies to the quarterly payroll and excise tax returns normally due on January 31, April 30, and July 31.
On March 2, 2023, California announced conforming to the IRS extended filing and payment deadline of October 16, 2023. This applies to all returns due prior to the October 16 deadline. It also applies to any estimated taxes that are due prior to October 16, as well as the June 15, 2023, passthrough entity elective tax payments.
If you have questions about the new extended deadline, please talk to your tax team here at LvHJ.
Read: First Announcement