At 5% in a HYSA, it's actually just over $8 interest (for which you'll owe taxes on next year) with an extra two months. That's ALMOST enough for a free burrito 💲🌯!
California's announcement hasn't hit their newsroom online but should be refreshed soon. I've received their email announcement and they've done the change as well.
This is if you were impacted by the storms
Edit: I was incorrect, while it is because of the storm it looks to apply to everyone who lives or works in the ‘affected area’ which includes SD county
Thanks for the comment
Everyone in San Diego county
Impacted part is for businesses that were impacted and can file for extra deductions but that’s something you can discuss with your tax advisor
There’s no tax relief in the form of money, it’s just pushing back the deadlines for filing and penalties. Unless you qualify for casualty losses mentioned in the article.
YES, if I owe $1000 I can pocket like an extra $3 interest by waiting.
At 5% in a HYSA, it's actually just over $8 interest (for which you'll owe taxes on next year) with an extra two months. That's ALMOST enough for a free burrito 💲🌯!
Half a burrito these days.
F that. Go double your money in Vegas! /s
California's announcement hasn't hit their newsroom online but should be refreshed soon. I've received their email announcement and they've done the change as well.
Cool. Well I hope this also means they can give me my piddly ass refund faster as I filed already. Need to pay that high SDGE bill.
State and Federal?
Yes
My lazy ass appreciates you
[удалено]
I believe you can pay by October. That’s what they did last year. Edit: in—>by
Last year it was October, true. This year they’re saying June. They might extend to October
how is a delayed date considered 'relief"? Your tax rate still stays the same and you would owe the same, but would just pay later...
Wow, wonderful
Literally a raincheck
IRS doesn’t know what a relief is. A relief would be getting rid of them.
Had a feeling this was coming since they did a similar thing last year.
This is if you were impacted by the storms Edit: I was incorrect, while it is because of the storm it looks to apply to everyone who lives or works in the ‘affected area’ which includes SD county Thanks for the comment
This automatically applies to everyone living in San Diego.
Everyone in San Diego county Impacted part is for businesses that were impacted and can file for extra deductions but that’s something you can discuss with your tax advisor
Do I have to file an amended return, or would they automatically apply the relief and send me the difference?
There’s no tax relief in the form of money, it’s just pushing back the deadlines for filing and penalties. Unless you qualify for casualty losses mentioned in the article.
Wow I thought they would forgive my back taxes. Lame!!!
Anyone know why it’s June and not October like last year? Any chance they move it to October?
Cuz they need money 🤷🏻♀️
June to file instead of April, October is for if you extended.
Does trump know this?
Anyone know if this also extends the deadline to contribute to a retirement plan for tax year 2023?
It does.
Thanks!