The Internal Revenue Service announced tax relief for all individuals and businesses in the states of Tennessee and Kentucky affected by severe storms, straight-line winds, tornadoes and flooding. All taxpayers in these states now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.
The tax relief postpones various tax filing and payment deadlines that occurred from April 2, 2025, through Nov. 3, 2025. As a result, all individuals and businesses will have until Nov. 3, 2025, to file returns and pay any taxes that were originally due during this period.
This means that the Nov. 3, 2025, deadline will now apply to:
Individual income tax returns and payments normally due on April 15, 2025.
2024 contributions to IRAs and health savings accounts for eligible taxpayers.
Quarterly estimated tax payments normally due on April 15, June 16 and Sept. 15, 2025.
Quarterly payroll and excise tax returns normally due on April 30, July 31 and Oct. 31, 2025.
Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025.
Calendar-year tax-exempt organization returns normally due on May 15, 2025.
In addition, penalties for failing to make payroll and excise tax deposits due on or after April 2, 2025, and before April 17, 2025, will be abated if the deposits are made by April 17, 2025.
Please reach out to the Crosslin tax team with any questions you may have. We will continue to work diligently and keep you up-to-speed regarding your tax filings. As always, we appreciate your business.
