IRS further extends tax filing deadline for Hawaii wildfire victims

ARTICLE | April 04, 2024

Authored by RSM US LLP

Executive summary

IRS postpones various tax filing and tax payment deadlines for Hawaii fire victims. Affected taxpayers in Maui County and Hawaii county will have until Aug. 7, 2024 to file returns and pay any taxes that were originally due during Aug. 8, 2023, through Aug. 7, 2024 period.

Filing and payment relief for affected taxpayers in certain Hawaii counties

The IRS issued guidance granting relief to taxpayers affected by wildfires in Hawaii (HI) that began on Aug. 8, 2023. Previously the deadline was Feb. 15, 2024, which has been further postponed until Aug. 7, 2024. Taxpayers now have until Aug. 7, 2024, to file various individual and business tax returns and make tax payments. Individuals residing in and businesses with an address in Maui and Hawaii counties qualify for relief. The relief postpones various tax filing and payment deadlines that were originally due on or after Aug. 8, 2023, and before Aug. 7, 2024. This includes taxpayers with valid extensions to file their 2022 tax returns that ran out on Sep. 15, 2023 and Oct.16, 2023. The relief does not include payments related to these 2022 returns because those payments were due on April 18, 2023.

The Aug. 7, 2024, due date also applies to 2023 individual income tax returns and payments normally due on April 15, 2024, 2023 contributions to IRAs and health savings accounts for eligible taxpayers, quarterly estimated income tax payments normally due on Sep. 15, 2023, Jan. 16, 2024, April 15, 2024 and June 17, 2024, and the quarterly payroll and excise tax returns normally due Oct. 31, 2023, Jan. 31, 2024, April 30, 2024, and July 31, 2024. The relief also applies to 2023 calendar-year partnerships and S corporation returns normally due on March 15, 2024, as well as calendar-year corporation and fiduciary returns and payments normally due April 15, 2024. This also includes tax-exempt organization returns normally due on May 15, 2024.

The IRS highly recommends anyone who needs an additional tax-filing extension, beyond Aug. 7, 2024, for their 2023 federal income tax return to request it electronically by April 15, 2024. Although a disaster-area taxpayer can request an extension between April 15 and Aug. 7, 2024, the extension can only be submitted on paper after April 15, 2024.

Disaster-related casualty losses

In addition to extensions of time to file tax returns and complete certain actions, presidential disaster declarations offer taxpayers special options with respect to gain/loss recognition. Taxpayers who experience a casualty loss in a presidentially-declared disaster area may qualify to recognize losses in the year prior to the year the casualty actually occurred under section 165(i). Taxpayers who realize gains by receiving insurance proceeds in excess of basis may be able to defer gain recognition by reinvesting in qualified property under section 1033. Some of these actions are time sensitive, so taxpayers are encouraged to contact their tax advisor to take advantage of the full range of relief options. Taxpayers that will claim a disaster loss should note “Disaster Designation – Hawaii Wildfires” in bold letters at the top of their return and also include the FEMA disaster declaration number. For the Aug. 8, 2023 wildfires in Hawaii, the designation is DR-4724-HI.

Please see the applicable news release and refer to Publication 547 and Instructions to Form 4684 Casualties and Thefts for instructions.

Automatic penalty relief

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extending filing, payment or deposit due date falling within the postponement period, the taxpayer or their representative should contact the IRS to have the penalty abated.

Relief for those impacted outside the disaster area

The IRS will also work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.

Other relief

Qualified disaster relief payments are generally excluded from gross income. This means that affected taxpayers can exclude from their gross income amounts received from a government agency for reasonable and necessary personal, family, living or funeral expenses, as well as for the repair or rehabilitation of their home, or for the repair or replacement of its contents. See Publication 525 for details.

Additional relief may be available to affected taxpayers who participate in a retirement plan or individual retirement arrangement (IRA). For example, a taxpayer may be eligible to take a special disaster distribution that would not be subject to the additional 10% early distribution tax and allows the taxpayer to spread the income over three years. Taxpayers may also be eligible to make a hardship withdrawal. Each plan or IRA has specific rules and guidance for their participants to follow.

Let's Talk!

Call us at +1 213.873.1700, email us at or fill out the form below and we'll contact you to discuss your specific situation.

  • Topic Name:
  • Should be Empty:

This article was written by Alina Solodchikova, Evan Stone, Jackie Sullivan, Marissa Lenius and originally appeared on 2024-04-04.
2022 RSM US LLP. All rights reserved.

The information contained herein is general in nature and based on authorities that are subject to change. RSM US LLP guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. RSM US LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.

RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each is separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit us for more information regarding RSM US LLP and RSM International. The RSM logo is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.

​Vasquez & Company LLP is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise and technical resources.

For more information on how ​Vasquez & Company LLP can assist you, please call +1 213.873.1700.

Subscribe to receive important updates from our Insights and Resources.

  • Should be Empty: