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Jan. 3, 2022, is new tax deadline for folks in 19 Mississippi counties hit by Ida

Hurricane Ida approaching US Gulf Coast August 2021

Hurricane Ida just won't let go.

The major storm made landfall on Aug. 29 near Port Fourchon, Louisiana. But the havoc wreaked by the category 4 hurricane extended well beyond that Gulf Coast town.

The Federal Emergency Management Agency (FEMA) declared a swath of counties slammed by Ida in Louisiana, Mississippi, New Jersey, New York, and Pennsylvania as major disaster areas. The Internal Revenue Service followed up by offering tax relief to individuals and businesses in those designated areas.

Now, almost two months after the hurricane hit, both agencies are still in the Ida relief business.

Expanded disaster, and tax, relief: FEMA last week announced expanded relief to 19 Mississippi counties affected by Ida. Today, the IRS said that residents in those locales who were facing Nov. 1 tax deadlines now have until Jan. 3, 2022, to complete their tax tasks.

Mississippi FEMA expanded Ida relief declaration 4626

In case you're reading this on a phone or other small device, the two extra months of tax time apply to individual and business taxpayers in the following, listed alphabetically, Magnolia State counties:

Amite

Hancock

Pearl River

Claiborne

Harrison

Pike

Copiah

Jackson

Simpson

Covington

Jefferson

Walthall

Franklin

Jefferson Davis

Wayne

George

Lawrence

Wilkinson

 

Lincoln

 

The IRS says that if FEMA adds any more Mississippi counties, they also will get the January deadline.

As for residents in the rest of Mississippi, they still must meet the originally extended Nov. 1 due date — that's Monday! — for various tax deadlines.

Extended filing further extended: The major deadline is one that just passed for millions of other filers who were spared a major disaster, the Oct. 15 extended filing deadline.

Any taxpayers in the 19 Mississippi counties now eligible for added disaster relief who got extensions to file their 2020 returns now have until Jan. 3, 2022, to get those 1040 forms to the IRS.

They also need to decide if they want to claim any qualifying Hurricane Ida losses on that prior year return when they file it by Jan. 22, 2022.

Some taxpayers could find it more tax worthwhile to count their uninsured losses against their 2020 taxes. That could get them a larger refund sooner, which they could use toward repairs now.

Others, however, might discover they'll do better tax-wise by waiting to claim the Ida losses on their 2021 tax returns when they file them next year.

Check out my earlier post for more on what to consider when making a major disaster tax claim.

If you're not a Mississippi resident, but sustained major storm damages, you can check my disaster tax-related posts about your revised tax deadlines. There's a small sampling of such links at the end of this post.

You also can go straight to the source. The IRS' collection of national tax news has a section with state links for more on disaster relief or tax provisions affecting those jurisdictions.

You also might find these items of interest:

 

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