Congressman Scott Franklin Update on New IRS Guidance

Attention Florida residents filing late taxes, they are due today. However, the IRS issued new guidance for taxpayers in impacted areas, which includes every county in FL-18, our congressional district. This guidance applies to all businesses and individuals in 51 counties designated by FEMA.

Extension of certain tax filing deadlines: IRS has extended various filing deadlines for taxpayers in impacted areas, including 2024 individual/business returns, certain quarterly estimated income tax payments, and certain payroll/excise taxes.
o Click here for the full list of extensions and respective dates
o Click here for more information from the IRS on disaster assistance

Tax relief for qualified payments, disaster-related losses: IRS released provided guidance to taxpayers on how to address disaster-related losses in their 2024 tax return, as well as providing guidance on how qualified disaster relief payments – like government assistance payments – are generally excluded from gross income.
o Click here for a general walkthrough of these policies (under header “Additional tax relief”)
o Click here for more information on tax treatment of disaster-related losses
o Click here for more information on tax treatment of qualified disaster relief payments

Waiver of fuel excise tax: In response to fuel disruptions resulting from the hurricane, IRS has waived the federal excise tax on dyed diesel within the impacted areas. This relief is retroactive to Oct. 9, 2024, and will remain in effect through Oct. 30, 2024.
o Click here for more information
If you have an IRS issue, or an issue with another federal agency, Congressman Franklin's office can help. Please click here or call (863) 644-8215 for assistance.