Affected individuals have until June 17, 2024, or July 15, 2024, to file their 2023 tax returns and make 2023 IRA and HSA contributions.
Maine taxpayers impacted by severe storms and flooding qualify for tax relief; various deadlines are postponed to June 17 or July 15.
The IRS issued IR-2024-32, which provides tax relief for certain qualifying individuals and businesses in parts of Maine affected by severe storms and flooding that began on December 17, 2023. 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 April 17 or 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 this relief to any area designated by the Federal Emergency Management Agency (FEMA). Currently, this includes Androscoggin, Franklin, Hancock, Kennebec, Oxford, Penobscot, Piscataquis, Somerset, Waldo, and Washington Counties. It is the owner's responsibility to determine if they are eligible. The same relief will be available to any other Maine localities added later to the disaster area.
The IRS also issued IR-2024-93, which provides tax relief for individuals and businesses in Maine that were affected by severe storms and flooding that began on January 9, 2024. Affected individuals have until July 15, 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 July 15 of the current year must be irrevocably designated by the account owner as a contribution for the prior year.
The IRS is offering this relief to individuals and households that reside or have a business in Cumberland, Hancock, Knox, Lincoln, Sagadahoc, Waldo, Washington, and York counties. It is the owner's responsibility to determine if they are eligible. The same relief will be available to any other counties added later to the disaster area.