The IRS has extended the deadline for paying taxes for residents of some states

The IRS is extending tax deadline for Texas due to winter storm, other states may also receive tax relief. USA Today.

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The IRS is extending the tax season for Texas residents due to winter storms.

Instead of April 15, the tax deadline for individuals and businesses in Texas is June 15, the IRS announced in a press release on Monday, Feb. 22.

Taxpayers in other states affected by winter storms where a natural disaster was declared by the Federal Emergency Management Agency (FEMA) will automatically receive the same tax extension, the IRS said.

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The agency began accepting and processing tax returns for 2020 on February 12, which is more than two weeks later than last year. It took longer for the IRS to program its systems with the new regulations signed on December 27th.

The federal agency was busy sending out a second round of economic damage payments. The IRS said last week that all coronavirus relief payments have been distributed, but some checks may still be mailed.

The tax credits announced on Monday, February 22nd, are postponing the filing and payment deadlines that began on February 11th. Various 2020 business declarations due on March 15th must be filed by June 15th.

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Affected taxpayers will have until June 15 to make IRA contributions for 2020, and the deadline applies to quarterly estimated income tax payments and quarterly payroll and excise tax returns typically due April 30. This also applies to tax-exempt organizations operating on a calendar basis. For them, the payment deadline in 2020 is May 17.

Last year, amid the coronavirus pandemic, the IRS pushed the tax deadline to July 15.

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