Due to severe weather events like flooding, mudslides, and landslides, many people in California have tax deadline extensions, which means that those taxpayers have more time from the IRS to file. And in some counties, the 2023 California state tax deadline is also extended.
But for people not in declared disaster areas, Tax Day — the deadline for filing federal tax returns — was April 18, 2023.
IRS Extends 2023 Tax Deadline to Oct. 16 for Many in California
The IRS twice extended the tax deadline for taxpayers in California impacted by natural disasters last year. The first extension was to May 31, and the most recent IRS tax deadline extension is to Oct. 16, 2023 (opens in new tab). That means that some Californians have about six more months to file their federal tax returns.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
When the IRS tax deadline is extended, other deadlines tied to Tax Day are extended as well. So, for California, people in storm-impacted areas of the state also have more time to contribute to their IRAs and health savings accounts (HSAs). The deadline for making those contributions effectively moves to Oct. 16, 2023. Keep in mind that usual IRA contribution limits and HSA contribution limits still apply, so double-check to see if you have room to contribute before you file your taxes.
The IRS tax deadline extension for people in California also applies to fourth-quarter 2022 estimated payments of federal income tax.
- So, if you had an estimated tax payment due on Jan. 17, 2023, for example, the IRS says that you could essentially skip that payment and instead include it with your tax return when you file on or before Oct. 16.
- Farmers in affected areas of California also have until Oct. 16, 2023, to make estimated payments and pay any tax due, if you normally file your federal tax return by March 1.
- If you have estimated tax payments due this year (2023), the IRS extended tax deadline applies to payments that would normally be due on April 18 (Tax Day for most people), June 15, and Sept. 15, 2023.
Which California Counties Have a Tax Extension?
People who reside in or have businesses in counties in California designated by the IRS as storm-impacted are eligible for tax deadline relief. You can find that information, which is sometimes updated to include additional counties, on the IRS website (opens in new tab).
But some of the many affected counties so far include Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, and Humboldt. Also included: Inyo, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Nevada, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, and Santa Barbara. Additionally, Santa Clara, Santa Cruz, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo, and Yuba counties are considered eligible for tax deadline relief.
California Tax Deadline 2023 Extended
Gov. Gavin Newsom (opens in new tab) also announced California state tax deadline extensions for impacted areas of the state. The California tax deadline is usually April 18, and money owed on a California state return is normally due at the same time. (California also normally grants an automatic extension to file a state tax return until Oct. 16, 2023.)
But since California announced an extension for filing state taxes (opens in new tab) and paying taxes owed, if any, for Californians in affected storm areas, that due date now matches the IRS tax deadline extension (i.e., Oct. 16, 2023).
“The state is aligning with the Biden administration and extending the tax filing deadline in addition to the tax relief announced earlier this year,” Newsom said in a release about the tax extension (opens in new tab).
Claiming Disaster Losses in California
California’s Franchise Tax Board (FTB) provides information (opens in new tab) for residents in storm-impacted areas who need to claim disaster losses. Taxpayers should include the name of the disaster in blue or black at the top of their state tax return, according to the FTB. Those who file electronically will answer a question when prompted by tax software and enter the disaster information accordingly. The FTB (opens in new tab) says that affected taxpayers can claim the losses on original and amended returns for the 2022 tax year.
To claim disaster losses on your federal tax return, generally, the losses must be related to your home, household items, and vehicles and be caused by a federally declared disaster, according to the IRS (opens in new tab). However, you cannot deduct disaster losses that are covered by insurance unless you file for reimbursement on time and reduce your claimed losses by the amount you were reimbursed.
If you have disaster losses and aren’t sure how to claim them on your tax return, consult a qualified tax professional.
-
-
10 Ways to Prepare Your Home for Summer Weather
Hot summer weather can take a toll on your home if you're not prepared. Follow these tips to make sure you're ready for the season.
-
Career Transition? Three Steps to Protect Your Financial Health
Whether you’ve been laid off or are moving on voluntarily, career transitions can be stressful, but there are ways to help tame the uncertainty.
-
Half of Mothers Have Little or No Retirement Savings
Mother’s Day is just around the corner, but many moms face future financial insecurity because they have little or no retirement savings.
-
Having a Baby Could Soon Cost Less in These States
Having a baby is expensive, but these states are trying to make it less costly by eliminating the tax on diapers.
-
The Most Expensive States to Die In (Due to Death Taxes)
You probably know the cost of living in your state, but what about the cost of dying — death taxes?
-
Is High-Yield Savings Account Interest Taxable?
Think a high-yield savings account is a good idea? Don’t forget that savings account interest is taxable.
-
2023 Georgia Tax Rebates Up to $500 Are Now Being Sent
Georgia has started sending special 2023 surplus tax refunds to eligible residents.
-
Is Your Scholarship Tax-Free or Taxable?
Scholarships are generally tax-free if certain IRS and other requirements are met.
-
Oklahoma Storm Victims Have an Extended IRS Tax Deadline
Oklahoma taxpayers impacted by severe April storms have an extended tax filing and tax payment deadline.
-
10 States With the Lowest Sales Tax
Don't rush to a state with low sales tax if your goal is to save money.
