IRS Announces Tax Relief for Businesses Owners Affected by Hurricane Helene

South Carolina business owners who were a victim of Hurricane Helene will have until May 1, 2025, to file business tax returns and make payments.  

The Internal Revenue Service announced tax relief for individuals and businesses in the entire state of South Carolina that were affected by Hurricane Helene that began on September 25, 2024.  

Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA), individuals and households that reside or have a business in all 46 counties qualify for relief.  

As a result of these declarations, affected individuals and businesses will have until May 1, 2025, to file returns and pay any taxes that were originally due during this period.

The May 1, 2025, filing deadline applies to:

  • Individuals who had a valid extension to file their 2023 return due to run out on Oct. 15, 2024. The IRS noted, however, that because tax payments related to these 2023 returns were due on April 15, 2024, those payments are not eligible for this relief.
  • Businesses with an original or extended due date including, among others, and calendar-year corporations whose 2023 extensions run out on Oct. 15, 2024.

Find more information about Hurricane Helene tax relief from the Internal Revenue Service. 

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