California Governor Gavin Newsom announced that residents and businesses impacted by winter storms in the state have until Oct. 16 to file their taxes for this year. Throughout the winter, California has faced extreme rain and snow, as well as dangerous landslides and mudslides. Low temperatures combined with power outages led to deadly conditions.
Businesses in 41 of California’s 58 counties are eligible for the extension. 2022 income tax returns and quarterly estimated tax payments are now due Oct. 16. This is the second extension provided due to California’s storms, with tax filings initially due May 15.
The counties eligible for the extended deadline are Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Tulare, Ventura, Yolo and Yuba counties.
When dealing with taxes in affected states, it is imperative to keep deadlines in mind. Vendors across multiple states can face challenges with conflicting deadlines, so proper bookkeeping and organization can streamline your tax returns process.
Also of note is California’s tax relief for storm victims. Disaster victims can claim a deduction on their 2022 tax returns, either on the original copy or an amended return. Taxpayers looking to take advantage of this opportunity can find more information here.