BATON ROUGE, La. (WAFB) – Due to Hurricane Ida in Louisiana, Treasury officials are now working to bring people some relief by giving extensions to taxpayers whose homes and businesses have been damaged.
“We’re giving these business owners and these people this extra time so they can focus on recovery and filing tax filings later,” said Treasury Department’s Kimberly Lewis.
She added that this kind of relief can be the kind of “make-or-break moment” for those struggling.
“For the people who have had to evacuate their homes, the people who have been badly damaged by Ida, if you ran a generator, you have expenses that you didn’t plan for,” observed Lewis.
And more time can reduce some of that unnecessary stress.
“Do I pay my taxes or do I pay the deductible for my roof? Knowing that you have to pay your taxes by January, with no interest or penalties, you don’t have to worry about those taxes at all, you don’t even have to make that decision, ”explained Lewis.
It is an extension to submit current tax returns, but not an extension to pay taxes due. These payments are still subject to penalties and interest.
“Instead of having to file that third estimated payment, you have an extension of time to file it,” said Lewis.
The department also stated that individuals may be eligible for state sales tax refunds for destroyed personal property. However, refunds are limited to uninsured items or other types of refunds.
Those who live in Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. Helena, St. James, St. John live the Baptist, St. Martin, St. Mary, St. Tammany, Tangipahoa, Terrebonne, Washington, West Baton Rouge, and West Feliciana wards are eligible for extension.
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