IRS Announces Tax Relief for Texans Affected by July Storms, Extending Deadlines to February 2027
The Internal Revenue Service (IRS) has granted tax relief to individuals and businesses in numerous Texas counties impacted by severe storms that began on July 14, 2026. This declaration allows affected taxpayers until February 1, 2027, to file various federal individual and business tax returns and make tax payments. The relief applies to deadlines that originally fell on or after July 14, 2026, and before February 1, 2027. This includes individual, corporate, estate, trust income tax returns, partnership returns, S corporation returns, gift and generation-skipping transfer tax returns, annual information returns of tax-exempt organizations, and employment and certain excise tax returns. Estimated income tax payments due within this period are also postponed, and taxpayers will not face penalties for failure to pay estimated tax installments if paid by the new February 1, 2027, deadline. However, tax payments for 2025 individual income tax returns, which were due on April 15, 2026, are not eligible for th...
