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Hurricane Harvey victims get a tax extension

Source: money.cnn.com - Aug 29, 2017

Taxes are probably the last thing on anyone's mind in the flooded parts of Texas.

But the IRS said Monday it will grant an automatic extension to individuals and businesses who are victims of Hurricane Harvey. They'll have until Jan. 31, 2018 to file and pay federal taxes that were due between Aug. 23 and January 2018.

"This has been a devastating storm, and the IRS will move quickly to provide tax relief to hurricane victims," said IRS Commissioner John Koskinen. "The IRS will continue to closely monitor the storm's aftermath, and we anticipate providing additional relief for other affected areas in the near future."

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Category: General Business

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