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Upcoming deadline for North Carolina’s tax extension approaching soon

Upcoming deadline for North Carolina's tax extension approaching soon

Tax Deadline Extended for North Carolina Residents

Residents of North Carolina must file and settle specific state and federal taxes by Thursday.

This follows the IRS’s decision to extend the deadline for many tax returns, shifting it from May 1 to September 25, particularly for individual income taxes. They’ve also broadened the range of tax-related actions that qualify for this extension.

The agency cited “The prolonged effects of Hurricane Helen” as the reason for providing additional time for taxpayers in North Carolina.

Who Qualifies for the Extension?

Anyone residing in or owning property in North Carolina automatically qualifies for this deadline extension. If the IRS has your address listed in its records, no application is needed.

“The IRS automatically grants filing and penalty relief to taxpayers in affected areas. Those taxpayers don’t need to reach out to the agency for this relief,” the IRS noted.

What Taxes Are Affected?

  • Personal income tax returns and payments due on April 15, 2025
  • 2024 contributions to IRAs and Health Savings Accounts
  • Estimated tax payments for 2024, typically due on January 15, June 15, and September 15
  • Quarterly salary and excise tax returns, usually due October 31 and January 31 for 2024 and 2025
  • Returns and payments for businesses due in the calendar year, generally by April 15, 2025
  • Returns for tax-exempt organizations, typically due May 15, 2025
  • 2023 tax returns (Forms 990, 1040, 1041, and 1120)

If filers require more time beyond the September 25 deadline, they must submit a request for an additional extension using Form 4868. This can only be done electronically or via paper submission. It’s important to note that this extension does not apply to payment timelines.

Moreover, this extension doesn’t cover tax payments that were due prior to Hurricane Helen.

For further assistance, you can reach out to the IRS Disaster Hotline at 866-562-5227 or visit DisasterAssistance.gov for more details.

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