Arkansas residents affected by recent severe storms have been given a few extra months to file their taxes.
Arkansas endured several tornadoes and a severe storm on Friday, and the tax filing delay will apply to all areas designated by the Federal Emergency Management Agency. These areas consist of people who live in or have a business located in Cross, Lonoke, and Pulaski counties, with other areas that get added later by FEMA also qualifying for the relief, the IRS announced Monday.
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This delay will postpone multiple tax filing and payment deadlines, giving taxpayers and businesses until July 31, 2023, to file their tax returns. Eligible taxpayers will also have until July 31 to make 2022 contributions to their individual retirement accounts and health savings accounts.
This new deadline also applies to quarterly payroll and excise tax returns, which are typically due on April 30. Additionally, penalties on payroll and excise tax deposits due on or after March 31 and before April 18 will be reduced if tax deposits are made by April 18.
The full list of areas eligible for this relief is available on the IRS's disaster relief page.
Arkansas is not the only state to push back the deadline for taxes in the wake of massive storms. Last week, Mississippi was hit by storms on March 25, and residents have been given until July 31 to file taxes originally due on April 18.
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Arkansas was one of several states, including Tennessee, Alabama, Indiana, Illinois, Delaware, and Mississippi, that were affected by the storms and tornadoes on March 31 that killed at least 30 people. Arkansas appeared to have been hit the hardest, with officials estimating tornadoes destroyed or damaged 2,100 to 2,600 structures and hospitalized 50 residents.
"Jill and I are praying for everyone impacted by the devastating storms this weekend," President Joe Biden said. "While we are still assessing the full extent of the damage, we know families across America are mourning the loss of loved ones, desperately waiting for news of others fighting for their lives, and sorting through the rubble of their homes and businesses."