spot_img

Tax Day of April 15 is essentially May 1 in North Carolina

(The Center Square) – Hurricane Helene’s impact on North Carolina also extends to Tax Day, traditionally April 15 for state income tax and federal income tax.

Both the state Department of Revenue and the IRS have granted an extension until May 1.

In the state, the Department of Revenue says in a release, “The department reminds taxpayers that the due date for filing a calendar year 2024 North Carolina income tax return is April 15, 2025. However, the department will remove late action penalties assessed against a taxpayer affected by Hurricane Helene if the taxpayer files the state income tax return and pays tax due on or before May 1, 2025.”

Those unable to file by May 1 may still qualify for penalty relief, the Revenue Department says. Extensions beyond May 1 are also possible.

Those granted an extension by the IRS will automatically be granted an extension by the state, a release says.

- Advertisement -

The IRS release says the filing deadline is May 1 for FEMA disaster declarations impacting everyone in the states of North Carolina, South Carolina, Alabama, Florida and Georgia. The extension is granted without need for taxpayers to make the request.

Those needing a longer extension can make the request to the IRS.

Many tax experts are encouraging filing by Tuesday to avoid the situation of either agency making a mistake and assessing a penalty and then the filer needing to go through the process of getting it corrected.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Illinois Quick Hits: Pritzker talks Bears stadium with NFL commissioner

(The Center Square) – Gov. J.B. Pritzker says National...

Louisiana sees $4 a gallon gas headed into Memorial Day

(The Center Square) - Louisiana motorists hitting the road...

Privately backed tollway plan prompts debate over use of residential lots

(The Center Square) – The proposed route for a...

Illinois Quick Hits: Pritzker urges megaprojects support for Bears

(The Center Square) – Gov. J.B. Pritzker says megaprojects...

Everyday Economics: History doesn’t repeat, but the Fed Is hearing an echo

Read this week's Fed minutes carefully and you'll hear...

Illinois DHS appointment sparks backlash over alleged voter registration mailer practices

(The Center Square) – The appointment of Illinois Department...

Shooting outside White House leaves one dead, one injured

Two people were shot, including the suspected gunman, in...

Arctic defense begins in Galveston after Memorial Day

(The Center Square) – As Texans celebrate Memorial Day...

More like this
Related

Illinois Quick Hits: Pritzker talks Bears stadium with NFL commissioner

(The Center Square) – Gov. J.B. Pritzker says National...

Louisiana sees $4 a gallon gas headed into Memorial Day

(The Center Square) - Louisiana motorists hitting the road...

Privately backed tollway plan prompts debate over use of residential lots

(The Center Square) – The proposed route for a...

Illinois Quick Hits: Pritzker urges megaprojects support for Bears

(The Center Square) – Gov. J.B. Pritzker says megaprojects...