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IRS extends some filing deadlines due to Hurricane Irma

9-16-2017 - The Internal Revenue Service is offering certain types of tax relief to residents of 45 Florida counties affected by Hurricane Irma, among them Palm Beach, St. Lucie, Martin, Broward, Okeechobee, Indian River, Brevard and Miami-Dade.

The deadline for filing is now extended to January 31, 2018 for those who faced deadlines of:

  • September 15, 2017 for filing business or personal taxes.
  • October 16, 2017 for extensions to the 2016 filing
  • September 15, 2017 and January 16, 2018, for estimated quarterly taxes

More information from the IRS about extended filing deadlines.

In addition, the IRS has a streamlined process that allows hurricane victims to take hardship loans from their IRAs or 401Ks, whether the cash is for themselves or for relatives affected by the storm. The 10% early withdrawal penalty for those 59 1/2 or younger still applies, although at this writing Congress is considering waiving it. More about qualified plan withdrawals for hurricane victims from Consumer Reports.

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