Tax Deadline Extensions Offer Relief in Disaster-Affected Areas

Residents in several U.S. states can benefit from extended tax deadlines due to recent natural disasters.

Taxpayers in 10 states have until June or July to file due to federally declared disasters like storms and wildfires.
Automatic extensions are granted in disaster areas, no application necessary.
IRS Form 4868 allows for a standard six-month extension, but taxes owed must still be paid by April 15.
Late payment penalties apply if taxes are underpaid, with potential relief through explanatory letters to the IRS.
Experts advise careful estimation of taxes owed when filing for an extension to avoid penalties.