Tawala Sharp

Tawala Sharp

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Tax Deadline Extension

Close up of multiracial couple calculating finances paying online

Photo: Getty Images

Tax deadline is usually April 18 but not this year. You now have until October 16, 2023. Californian's have about six more months to file their federal tax return.

For California, people in storm-impacted areas of the state also have more time to contribute to their IRAs and health saving accounts. Keep in mind that usual IRA contribution limits and HSA contribution limits and HSA contribution limits still apply, so check to see if you have room to contribute before you file your taxes.

Storm-impacted areas include:

  • Alameda
  • Alphine
  • Amador
  • Butte
  • Calaveras
  • Colusa
  • Contra Costa
  • Del Norte
  • El Dorado
  • Fresno
  • Glenn
  • Humboldt
  • Inyo
  • Kings
  • Lake
  • Los Angeles
  • Madera
  • Marin
  • Mariposa
  • Mendocino
  • Merced
  • Mono
  • Monterey
  • Napa
  • Nevada
  • 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
  • Siskiyou
  • Solano
  • Sonoma
  • Stanislaus
  • Sutter
  • Tehama
  • Trinity
  • Tulare
  • Tuolumne
  • Ventura
  • Yolo
  • Yuba

You can also claim disaster loss on your federal tax return as long as the losses are related to your home, household items, and vehicles, and they must be caused by a federally declared disaster.

You cannot deduct disaster losses that are covered by insurance unless you file for reimbursement on time and reduce your claimed losses by the amount you were reimbursed.

For more information checkout Kiplinger


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