Affected individuals have until June 17, 2024, to file their 2023 tax returns and make 2023 IRA and HSA contributions.
The IRS issued IR-2024-17, which provides tax relief for certain qualifying Connecticut taxpayers impacted by storms; various deadlines are postponed to June 17. The IRS announced tax relief for individuals and businesses in parts of Connecticut affected by severe storms, flooding, and a potential dam breach that began on January 10, 2024. Affected taxpayers have until June 17, 2024, to file returns, make IRA & HSA contributions for 2023, and pay any taxes that were originally due during this period.
A contribution made between January 1 and June 17 of the current year must be irrevocably designated by the account owner as a contribution for the prior year.
The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). Currently, this includes New London County, including the Mohegan Tribal Nation and Mashantucket Pequot Tribal Nation. It is the owner's responsibility to determine if they are eligible. The same relief will be available to any other Connecticut localities added later to the disaster area.