In October 2024, the IRS announced tax relief for individuals and businesses in Alabama that were affected by Hurricane Helene that began on Sept. 23, 2024. These taxpayers had until May 1, 2025, to file various federal individual and business tax returns and make tax payments.

The IRS has started to issue refunds of underpayment penalties due to the hurricane relief that Alabama received. This follows along with what the IRS said originally – those with an address in Alabama would receive relief automatically. It is typical for the IRS to issue a refund check before sending a letter explaining the adjustment, but you can go online to your IRS account and retrieve the letter before it comes in the mail.

If you already filed your 2024 tax return, you may get one of those refunds.  If your return was extended, we recommend that you pay the full amount calculated with the understanding that a refund will come after the return is filed.

If you have any other questions, please reach out to your JMF tax adviser.