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Clean text for final cut6/8/2023 The current list of eligible localities and other details for each disaster are always available on the Tax Relief in Disaster Situations page. The tax relief postpones various tax filing and payment deadlines that occurred starting on December 23, 2022. New York storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred starting on March 24 (Mississippi) and March 31 (Arkansas, Indiana, and Tennessee), 2023. ![]() Previously, the deadline had been postponed to May 15 for these areas.Īrkansas, Indiana, Mississippi, and Tennessee storm victims now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments. 16, 2023, to file various federal individual and business tax returns and make tax payments. For struggling taxpayers unable to pay their tax bill, the IRS has several options available to help.ĭisaster Tax Relief – Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. ![]() Taxpayers who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest. Missed the filing deadline – The IRS urges taxpayers who missed the April 18 filing deadline to file as soon as possible. For details, see IRS issues standard mileage rates for 2023 business use increases 3 cents per mile. Revenue Procedure 2022-38 provides details about these annual adjustments.Ģ023 standard mileage rates – Beginning January 1, 2023, the standard mileage rates used to calculate the deductible costs of operating a car (also vans, pickups or panel trucks) are 65.5 cents per mile for business use. The report outlines the agency's historic plans to make fundamental changes following funding from last year's Inflation Reduction Act.Ģ023 tax inflation adjustments – The IRS announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Inflation Reduction Act Strategic Operating Plan – The IRS unveiled its Strategic Operating Plan, an ambitious effort to transform the tax agency and dramatically improve service to taxpayers and the nation during the next decade. Get critical updates that may affect your tax filing and recent IRS news.
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