Tax relief offered to victims of Texas winter storms

Texas victims of winter storms that began February 11, 2021, now have until June 15, 2021, to file various individual and business tax returns and make tax payments, the IRS announced in a News Release and on its webpage.

Individuals and households affected by severe winter storms that reside or have a business in all 254 Texas counties qualify for tax relief.

The June 15, 2021, deadline applies to:

  • 2020 business returns due on March 15;
  • 2020 individual and business returns normally due on April 15;
  • the quarterly estimated tax payment due on April 15;
  • the quarterly payroll and excise tax returns normally due on April 30, 2021; and
  • tax-exempt organizations, operating on a calendar-year basis, that have a 2020 return due on May 17, 2021.

In addition, penalties on payroll and excise tax deposits due on or after February 11, 2021, and before February 26, 2021, will be abated as long as the tax deposits were made by February 26, 2021.

Taxpayers also have until June 15 to make 2020 IRA contributions.

If you or your business that is located in Texas receive a late filing or late payment penalty notice from the IRS for payment due that falls within the postponement period, please contact us immediately.

The IRS disaster relief page has details on other returns, payments and tax-related actions qualifying for the additional time.