The IRS has granted a tax deadline extension to Ingham County, Michigan. The Internal Revenue Service took this action in response to severe storms, tornadoes, and flooding in late August 2023. The calamity affected just about 15,000 residents of Ingham County alone.
Here’s an overview of the tax deadline extension in Ingham County, including key dates of the Ingham tax deadline extension, eligibility criteria, what it covers and how you can file your taxes under these circumstances.
Does Ingham County Get a Tax Extension?
Yes! Ingham County gets a tax filing extension. Severe storms, tornadoes and flooding have impacted various areas of Ingham which called for the IRS to grant relief to taxpayers.
They have extended the federal tax deadline, allowing individuals and businesses who were impacted by natural disasters in August 2023. This extension will help them to get more time than usual to file and pay their federal taxes that fall within typical deadlines.
Ingham County Tax Deadline Extension 2024
Residents and businesses in Ingham County, Michigan, have received a helping hand from the IRS. Due to a major disaster in late August 2023, they qualify for an extended June 17, 2024 deadline to file and pay various federal taxes. This tax relief applies to returns originally due on the standard deadline, allowing for a smoother tax filing experience.
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Key Dates to Remember
- Original Due Date: April 15, 2024
- Extended Due Date: June 17, 2024
Who Qualifies for the Extension?
The Ingham County tax deadline extension applies to taxpayers whose IRS address of record falls within the designated disaster area. There are two categories under this:
- Individual residents living in Ingham who normally file their federal tax returns are entitled to receive this extension.
- Businesses located in Ingham, regardless of their legal structure, qualify for this extension if their official address for tax purposes is within the disaster zone.
What the Extension Covers
The IRS extension granted to Ingham County covers different federal tax filing and payment deadlines.
The term for individual income tax returns and payments has been lengthened. Within a prolonged period of time, qualified taxpayers can make 2023 contributions to IRAs and health savings accounts. Estimates payments for quarterly estimated income tax have also been delayed.
Businesses affected by the disaster can take advantage of the extension for quarterly payroll and excise tax returns. The extension is valid for calendar-year partnerships and S corporations whose 2022 tax year expired on October 16, 2023. Similarly, calendar-year corporations and fiduciaries whose 2022 tax year expired on October 16, 2023, also qualify for the extension.
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How to File for an Additional Extension if Needed
While the Ingham County extension until June 17th is very helpful, there are still times when things come up that are out of our control. Suppose you need more time to file your taxes. In that case, you can file for an additional extension using Form 4868, Application for Automatic Extension of Time to File US Individual Income Tax Return.
This form usually lasts until October 15, 2024, before your return is due. Remember that while this extends how long you have to file it does not extend the time you have to pay any taxes owed. All payments were due by April 15, 2024, so penalties and interest will accrue on unpaid balances after this date.
How to File Taxes in Ingham County?
Taxpayers in Ingham County can effectively file their taxes and ensure compliance with state and federal tax laws by following a straightforward process.
Step 1: Gather Necessary Documents
Before starting the tax filing process, gather all relevant financial documents such as W-2 forms, 1099 forms, records of deductible expenses, or any other relevant financial documents, such as investment statements or property tax records.
Step 2: Choose a Filing Method
In Ingham County, taxpayers have several options for filing their taxes:
- File Online: Utilize tax preparation software or the IRS Free File program to file your taxes electronically.
- Offline: If you prefer a traditional approach, you can fill out paper tax forms and submit them to the Ingham County Treasurer’s Office.
Step 3: Complete Your Tax Return
Then, enter all relevant information accurately, such as name, income, deductions, credits, and more, to avoid errors or discrepancies.
Step 4: Submit Your Tax Return
Once your tax return is complete, submit it to the appropriate tax authority.
Conclusion
The Ingham County tax deadline extension offers much-needed relief for residents impacted by the recent disaster. If you qualify, be sure to file your taxes by June 17, 2024, to avoid penalties and interest. Remember, even with the extension, it’s wise to make an estimated payment by the original due date. For a more convenient and streamlined tax filing experience, consider using Beem to file your federal and state taxes and get the maximum refund on your taxes. Beem will ensure an accurate return, maximize your deductions and provide peace of mind throughout the filing process.
