IRS announces tax relief for Washington wildfire victims

Affected individuals have until June 17, 2024, to file their 2023 tax returns and make 2023 IRA and HSA contributions.

The IRS issued IR-2024-55, which provides tax relief for certain qualifying Spokane area taxpayers impacted by wildfires; various deadlines are postponed to June 17. The IRS announced tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on August 18, 2023. Affected individuals 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 Spokane County. It is the owner's responsibility to determine if they are eligible. The same relief will be available to any other Washington localities added later to the disaster area.