South Carolina residents are being granted tax filing and payment time extensions from the Internal Revenue Service due to Hurricane Ian affecting multiple areas of the state.

The tax relief delays a variety of tax filing and payment due dates in South Carolina beginning on or before September 25, 2022.  As a result, affected individuals and businesses now have a grace period until February 15, 2023, to pay all taxes and file their returns that were previously expected during this period.

Quarterly estimated income tax payments due on January 17, 2023, are also eligible for the new February 15, 2023, deadline, as well as quarterly payroll and excise tax returns normally due on Oct. 31, 2022, and Jan. 31, 2023, respectively.  The IRS will automatically provide filing and penalty relief to any eligible South Carolina Residents with an IRS record located in designated disaster areas.

While taxpayers do not need to contact the IRS to be granted relief, any affected person(s) who receive a late filing/payment penalty notice from the agency that contains an original or extended due date falling within the postponement period, the party should call the number on the notice to have the penalty dropped or reduced.  Any penalties on payroll and excise tax deposits due on or after September 25, 2022, and before October 11, 2022, will be remitted given that deposits are made by October 11, 2022.

The existing list of eligible localities can be viewed by visiting the disaster relief page on the IRS website.  It also includes specifics on other returns, payments and tax-related actions that qualify for the grace period.  While all of this information and more is available on the agency site, it is not a replacement for talking to a certified tax professional.  Our WebsterRogers State and Local Tax (SALT) team are available to contact with questions regarding Hurricane Relief or other tax inquiries specific to South Carolina.