The Internal Revenue Service (IRS) has announced relief for taxpayers affected by Hurricane Milton, offering leniency on dyed diesel fuel penalties and extending tax deadlines for businesses and individuals across Florida.
In a series of announcements on Oct. 11, the IRS said it is applying the relief in a bid to ease the financial burden on those facing disruptions due to the storm, which caused widespread flooding, power outages, infrastructure damage, and loss of life.
Individuals and businesses in all 51 counties of Florida now have until May 1, 2025, to file their federal tax returns and make necessary tax payments, the IRS said in one of the announcements. The tax relief applies to those who were already extended deadlines due to earlier hurricanes including Debby and Helene, as well as to those newly affected by Hurricane Milton….