IRS: You Now Have Until November 16 to Pay Your 2022 Income Tax

By Tanu Henry, Antonio Ray Harvey and Joe W. Bowers Jr. | California Black Media

The Internal Revenue Service (IRS) and California Franchise Tax Board (FTB) verified that Californians who had postponed filing their taxes until the October 16, 2023, deadline — now have until Nov. 16, 2023, to file and pay their 2022 taxes to avoid penalties.

FTB generally conforms to the IRS’s deferred schedules for events declared as disasters by the U.S. President.

In addition, taxpayers in 55 California counties, excluding Lassen, Modoc and Shasta counties — who were impacted by winter natural disasters — are eligible for an extension to file and pay their 2022 federal income taxes until November 16, 2023.

Taxpayers impacted by a presidentially declared disaster may claim a deduction for the disaster loss. More details and guidelines are available in FTB Publication 1034, titled “2022 Disaster Loss: How to Claim a State Tax Deduction.”

Taxpayers can claim a disaster loss either on their 2023 return next spring, or on this year’s return against 2022 income. An amended return may be filed by those who have already filed this year. Claiming the loss on a 2022 return allows for a quicker refund.

Author: Wallace