Posted by on June 21, 2024
To our clients based in Maine, did you know that you may be eligible for a tax extension? Due to the flooding that began on January 9th, 2024, the IRS has announced tax relief for individuals and businesses in select Maine counties. Affected taxpayers in the following counties are eligible for an extension until July 15th, 2024, to file their taxes:
What Does the Extension Cover?
This extension allows affected individuals and businesses to:
Filing Information
Affected taxpayers are encouraged to file electronically. If filing by paper, you can write "MAINE FLOODING" at the top of the return. If any penalties or interest are incurred during the relief period, contact MRS at income.tax@maine.gov for abatement. Deadlines for Maine sales tax and income tax withholding remain unchanged.
For further questions about the Maine tax extension or eligibility, please contact your planner.
Disclaimer: This post is for informational purposes only and is not to be considered investment, tax, or financial advice. Cornerstone does not and cannot guarantee the accuracy or applicability of any information presented in this post regarding your individual circumstances. Please review your personal situation with your tax and/or financial advisor.
