BATON ROUGE, La. (WAFB) – On account of Hurricane Ida hitting Louisiana, officers with the Division of Income are actually working to offer individuals some reduction by granting submitting extensions to taxpayers whose properties and companies had been broken.
“We give that additional time for these enterprise homeowners and people people to allow them to deal with restoration and fear about delivering tax data later,” stated Kimberly Lewis with the Division of Income.
She added this sort of reduction could be the form of ‘make or break second‘ for many who are struggling.
“For these those who needed to evacuate from their properties, these those who had extreme harm ensuing from Ida, if you happen to’ve been working a generator, you’ve had bills that you just weren’t planning for,” famous Lewis.
And extra time can cut back a few of that unneeded stress.
“Do I pay my taxes or do I pay for that deductible for my roof? Realizing that you’ve got till January to pay your taxes and there’s no curiosity and no penalty, you don’t have to fret about these taxes in any respect, you don’t even must make that call,” defined Lewis.
It’s an extension to file relevant tax returns however not an extension to pay any taxes due. These funds are nonetheless topic to penalties and curiosity.
“Moderately than having to ship that third estimated cost in, you’ve an extension of time to file it,” stated Lewis.
The division additionally acknowledged individuals could also be eligible for state gross sales tax refunds for private property that was destroyed. Refunds, nevertheless, are restricted to objects not coated by insurance coverage, or different forms of reimbursements.
These residing 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 the Baptist, St. Martin, St. Mary, St. Tammany, Tangipahoa, Terrebonne, Washington, West Baton Rouge, and West Feliciana parishes are eligible for the extension.
Click here to report a typo.
Copyright 2021 WAFB. All rights reserved.