For most California residents, the federal and state tax return filing deadline has been pushed to October 16th, 2023.
The IRS recently announced that victims of severe winter storms, flooding, landslides, and mudslides in California beginning December 27, 2022, now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments. San Diego, Los Angeles, and Sacramento counties are part of this list. For a full list of counties included, please see here. Since this announcement, California has conformed to the same extended deadline for state tax returns.
- This relief postpones the filing and payment deadlines of: Individual income tax returns, originally due on April 18; Various business returns, normally due on March 15 and April 18; and returns of tax-exempt organizations, normally due on May 15.
- This also means that eligible taxpayers will have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts.
- The Oct. 16 deadline also applies to the estimated tax payment for the fourth quarter of 2022, originally due on Jan. 17, 2023. This means that taxpayers can skip making this payment and instead include it with the 2022 return when they file, on or before Oct. 16.
- The Oct. 16 deadline also applies to 2023 estimated tax payments, normally due on April 18, June 15 and Sept. 15. It also applies to the quarterly payroll and excise tax returns normally due on Jan. 31, April 30 and July 31.
- Taxpayers in the affected areas do not need to file any extension paperwork. The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area.
- The October 16th deadline applies for federal and state income tax returns.
Even though the deadline has been extended, please confirm with your CPA to decide on the timeline that works best for you.
Disclaimer: For information purposes only and should not be interpreted as legal, tax or financial advice. Always consult your CPA/tax advisor/attorney (or reach out to us;) to discuss your specific situation.
