Arkansas residents affected by recent severe storms have been given a few extra months to file their taxes. Arkansas endured several tornadoes and a severe storm on Friday, and the tax filing delay will apply to all areas designated by FEMA.
Arkansas endured several tornadoes and a severe storm on Friday, and the tax filing delay will apply to all areas designated by the Federal Emergency Management Agency. These areas consist of people who live in or have a business located in Cross, Lonoke, and Pulaski counties, with other areas that get added later by FEMA also qualifying for the relief, the IRS announced Monday.
This new deadline also applies to quarterly payroll and excise tax returns, which are typically due on April 30. Additionally, penalties on payroll and excise tax deposits due on or after March 31 and before April 18 will be reduced if tax deposits are made by April 18.Arkansas is not the only state to push back the deadline for taxes in the wake of massive storms.
"Jill and I are praying for everyone impacted by the devastating storms this weekend," President Joe Biden said."While we are still assessing the full extent of the damage, we know families across America are mourning the loss of loved ones, desperately waiting for news of others fighting for their lives, and sorting through the rubble of their homes and businesses."
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