IRS Extends Tax Relief for Hurricane Debby

The IRS has extended tax relief to individuals and businesses in all 14 counties of Vermont affected by Hurricane Debby, allowing them until February 3, 2025, to file various federal tax returns and make tax payments. This decision is part of a broader response to the hurricane, which made landfall in Florida on August 5, 2024, and caused significant damage and power outages, even impacting inland areas like Vermont. Taxpayers with valid extensions and certain quarterly payments are eligible for this relief, although payments originally due before the hurricane are not eligible for postponement. Similar relief was previously granted to other states, including Florida, Georgia, North Carolina, and South Carolina. The IRS automatically applies this relief to affected taxpayers, and penalties for late payroll and excise tax deposits will also be abated if paid by August 23, 2024. Detailed information and eligibility can be found on the IRS website.