IRS Postpones Tax Deadlines for Minnesota Victims Severe Storms, Flooding

The IRS has postponed tax deadlines for Minnesota victims of severe storms and flooding that began on June 16, 2024. Affected taxpayers now have until February 3, 2025, to file various federal individual and business tax returns and make tax payments. (IR 2024-207, 8/12/2024)

Disaster area.

This tax relief applies to individuals and entities that reside or have a business in any one of the following counties: Blue Earth, Carver, Cass, Cook, Cottonwood, Faribault, Fillmore, Freeborn, Goodhue, Itasca, Jackson, Lake, Le Sueur, Mower, Murray, Nicollet, Nobles, Pipestone, Rice, Rock, St. Louis, Steele, Wabasha, Waseca, and Watonwan.

Note. This relief will be available to any other counties added later to the disaster area. The current list of eligible localities is always available on the IRS’ Tax relief in disaster situations webpage.

Filing and payment relief.

This tax relief postpones various tax filing and payment deadlines that occurred beginning on June 16, 2024, through February 3, 2025 (the postponement period). As a result, affected taxpayers will have until February 3, 2025, to file returns and pay any taxes that were originally due during the postponement period.

Failure to deposit penalties abated.

In addition, the IRS will abate penalties for failure to make payroll and excise tax deposits on or after June 16, 2024, and before July 1, 2024, if the deposits were made by July 1, 2024.

Additional relief.

The IRS also offers additional tax relief to taxpayers in the disaster area who suffered uninsured or unreimbursed disaster-related losses, received qualified disaster relief payments, and/or took distributions from a retirement plan or an individual retirement account (IRA).

Note. The IRS’ Disaster assistance and emergency relief for individuals and businesses webpage has details on other returns, payments and tax-related actions qualifying for relief during the postponement period for this disaster.

Automatic relief.

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. These taxpayers do not need to contact the agency to get this relief.

Taxpayers that live outside the disaster area but who may qualify for this relief will need to contact the IRS at (866) 562-5227.

Disaster area tax preparers with clients located outside the disaster area can choose to use the Bulk Requests from Practitioners for Disaster Relief option to claim relief for those clients.

For more information about tax relief in disaster situations, see Checkpoint’s Federal Tax Coordinator ¶ S-8501.30.