Understanding the Disaster Tax Extension and How Hudson & Empire Can Help You Recover
Natural disasters often leave more than physical devastation in their wake—they can also create serious financial strain. If you’ve been affected by the recent wildfires or straight-line winds in Los Angeles County, there is good news: the IRS offers a Disaster Tax Extension, providing extra time and significant tax relief. At Hudson & Empire, we’re here to guide you through these extensions, help you claim any eligible losses, and ensure you benefit from every available resource.
What Is the Disaster Tax Extension?
The Disaster Tax Extension is an IRS provision that pushes back deadlines for a variety of federal tax returns, payments, and contributions. By granting extra time, the extension aims to ease the burden on individuals and businesses recovering from disaster-related challenges—helping them avoid penalties while focusing on rebuilding and restoring normal operations.
Who Qualifies for the Disaster Tax Extension?
If you reside, work, or own a business in Los Angeles County and experienced losses or disruptions due to recent wildfires or straight-line winds, you are likely eligible for this form of tax relief. Continue reading to find out which specific tax deadlines are extended and how they apply to you.
Extended Deadlines for Different Tax Filings
Below is an overview of the key deadlines and filings included in the Disaster Tax Extension:
Federal Individual Income Tax Returns
New Deadline: October 15, 2025
Original Deadline: April 15, 2025
Quarterly Estimated Tax Payments
New Deadline for All 2025 Payments: October 15, 2025
Covers all estimated tax payments originally due on January 15, April 15, June 15, and September 15, 2025
Business Tax Returns
New Deadlines:
Partnership and S corporation returns (originally due March 15, 2025)
Corporate and fiduciary returns (originally due April 15, 2025)
All now fall under the same extended filing window
Payroll and Excise Tax Deposits
Penalty Waiver Period: Deposits due on or after January 7, 2025, and before January 22, 2025
Requirement: Make deposits by January 22, 2025, to avoid penalties
Tax-Exempt Organization Returns
New Deadline: October 15, 2025 (for returns originally due May 15, 2025)
IRA and HSA Contributions
You now have until October 15, 2025, to make IRA and HSA contributions for the 2024 tax year
How to Claim Disaster-Related Losses
Along with extended deadlines, the IRS allows you to claim specific losses related to qualified disasters. At Hudson & Empire, we simplify and streamline this process for you:
Pinpoint Eligible Losses
We start by reviewing your personal and business property damages to confirm which losses meet IRS qualifications, specifically uninsured or unreimbursed amounts.
File Promptly to Accelerate Refunds
Claiming these losses on your 2024 return could lead to a faster refund. Our experienced professionals will prepare and file the required documentation accurately and on schedule.
Maximize Your Deductions
Disaster-related deductions come with intricate rules. Our expertise helps ensure you claim every deduction you’re entitled to under IRS guidelines.
Navigate Detailed IRS Regulations
From selecting the correct forms to using the applicable FEMA declaration number (4856-DR), filing for disaster relief can be complex. We walk you through each step, removing confusion and minimizing delays.
Why Partner with Hudson & Empire for the Disaster Tax Extension?
Hudson & Empire offers a comprehensive range of services to help you take advantage of the Disaster Tax Extension:
Expert Tax Guidance
Our specialists continuously track the latest relief programs, so you never miss a critical filing date or potential deduction.
Tailored Support
We develop personalized strategies for every client’s unique financial situation, whether you’re an individual taxpayer or a business owner.
All-Inclusive Service
From determining which losses qualify to completing and filing your tax returns, we handle the entire process—giving you the freedom to focus on rebuilding.
Act Now to Secure Your Disaster Tax Extension Benefits
Recovering from a disaster is hard enough without worrying about missing vital tax deadlines or missing out on available relief. Hudson & Empire is here to help you navigate your filings, claim qualified losses, and optimize every tax benefit.
Protect Your Bottom Line
Avoid unnecessary penalties by filing accurately and on time under the extended deadlines.
Capture Maximum Deductions
Offset your disaster-related expenses by taking full advantage of allowable deductions.
Experience True Peace of Mind
With our dedicated experts managing the details, you can focus on regaining your normal routine.
Contact Hudson & Empire Today
There’s no need to shoulder these tax challenges alone. Get in touch with Hudson & Empire now to schedule a consultation and discover how you can benefit from the Disaster Tax Extension.
Take control of your financial outlook, and let our team guide you through every phase of this crucial tax relief process. We look forward to helping you rebuild and move forward with confidence.
Frequently Asked Questions
Who is eligible for the Disaster Tax Extension?
Anyone living, working, or owning a business in Los Angeles County affected by the recent wildfires or straight-line winds generally qualifies for relief.
What types of losses can be claimed?
Typically, losses that are uninsured or not covered by other forms of reimbursement can be deducted. We help verify what the IRS considers eligible.
When should I file for these tax benefits?
You can file for relief when submitting your 2024 return, but it’s best to consult with our team to determine the most advantageous timing.
How can Hudson & Empire help me maximize my refund?
We stay current on all relevant tax regulations and relief measures, ensuring that you claim every deduction and credit you are entitled to.
