Affected by Hurricanes? You Should Know This: the IRS Has Your Back
If you’re in Alabama, Florida, Georgia, the Carolinas, or parts of Tennessee and Virginia, the IRS is giving you more time to handle your taxes in light of the recent hurricanes. Instead of the usual April deadline, you now have until May 1, 2025 to file your 2023 tax return. No need to stress about paperwork just yet. Plus, disaster-related payments might be tax-free, and if you’ve lost property, you could claim a disaster loss deduction. Here’s a simple guide on what to do and how to make the most of these tax breaks.