The IRS is giving all Texas residents and businesses two more months to file their federal income taxes, citing the deadly winter storm that left millions without power and water. Texans will now have until June 15 to file their 2020 declarations, instead of the normal April 15 deadline, the tax agency said on Monday.
The extension also includes any taxes that would be due by April 15, as well as any commercial statements that would otherwise be due on March 15, the IRS said. Texans will also have until June 15 to make contributions to the IRA in 2020, the agency said.
The extension will be automatic for those who live in Texas, which means they will not have to fill out forms requesting more time for the file.
“Following the recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), the IRS is providing this relief to the entire state of Texas,” the IRS said in a statement.
Taxpayers from other states that have been affected by the harsh winter may also receive the same extension to complete their statements, provided that their states receive similar FEMA disaster statements due to the same storms, the IRS said.
The IRS last year extended the fiscal term for all US taxpayers due to the coronavirus pandemic, although this year it plans to maintain its normal April 15 deadline for 2020 tax returns. With about 29 million residents, Texans represent almost 9% of the United States population, meaning that about 1 in 10 taxpayers will receive an extension of their taxes this year.