Tax relief is available to some of those affected by the historic storm and flooding that occurred this month.
So far, the help is tied to Butler, Cass, Colfax, Dodge, Douglas, Nemaha, Sarpy, Saunders and Washington Counties. Other counties may be added as the disaster declaration process continues.
The IRS will allow taxpayers to retroactively apply this month's losses to last year's income, or save the losses for use against 2019 income, according to a statement issued Sunday by the IRS.
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Additionally, certain IRS deadlines have been extended to July 31.
With some caveats, the following deadlines have been extended to July 31:
• Individual income tax returns and payments normally due on April 15.
• Quarterly estimated income tax payments due on April 15 and June 17.
• IRA payments.
The Elkhorn River at the Maple Street bridge is shown under water Monday March 18, 2019.
Floodwaters from the Elkhorn River have gone down and now expose a heavily damaged West Dodge Road.
Floodwaters from the Elkhorn River have started to recede, exposing a heavily damaged West Dodge Road.
The eastbound lanes of West Dodge Road just west of 228th Street show the damage done after floodwaters went down Monday.
A cow makes its way through floodwaters near Columbus, Nebraska, on Friday.
A shell of the Spencer dam is left on the Niobrara River.
Floodwaters engulf a farm near Missouri Valley on Friday.
Floodwaters flow over a railroad bridge near Arlington, Nebraska, on Friday.
Floodwaters make their way into North Bend, Nebraska, on Friday.
The Elkhorn River encroaches on Waterloo on Sunday.
A portion of Highway 92 has been destroyed by floodwaters in western Douglas County.
The Elkhorn River has covered several parts of western Douglas County.
A levee breach is shown on the Platte River near Ashland on Sunday.
Valley is shown inundated by floodwaters on Sunday.
An aerial view of Missouri Valley near the Interstate 29 exit on March 15.
An aerial view of Missouri Valley as floodwaters continue to impact the area on Friday.
A house is surrounded by floodwaters near Waterloo, Nebraska, on Friday.
Floodwaters envelop King Lake, Nebraska, on Friday.
Floodwaters swallow the town of Rogers, Nebraska, on Friday.
Water recedes in the town of Niobrara Neb. The highway showing is Hwy 12 and Hwy 14 Junction.
The Morman bridge on Highway 12 between Niobrara and Niobrara State Park was wiped out by a flood.
A train is stopped on flooded tracks next to the Platte River near Cedar Creek, Nebraska, on Friday.
Interstate 29 surrounded by water near exit 56 in Council Bluffs, which is part of a section that is closed due to flooding on Friday.
Highway 75's northbound lane is closed because of flooding near Merritt's Beach RV Park on Friday.
A Nebraska National Guard helicopter flies over areas flooded by the Platte River near Columbus, Nebraska, on Friday.
Highway 81 covered in floodwaters south of Columbus, Nebraska, on Friday.
A Nebraska National Guard helicopter flies over flooded Waterloo on Friday.
Cars drive drive across a flooded Platte River on Highway 50 just north of Louisville.
Water covers a road near Valley, Nebraska.
A westward, aerial view of a flooded Tom Hanafan River's Edge Park on Friday.
An aerial view of Missouri Valley, Iowa, as floodwaters continue to impact the area on Friday.
The National Weather Service in Valley, Nebraska was evacuated due to flooding.
A truck drives through a flooded road near the Platte River.
The tax relief applies to:
• Those who live or have a business in the affected counties.
• Taxpayers whose tax records are in the affected area.
• Relief workers affiliated with a recognized government or philanthropic organization assisting in the covered counties.
• Anyone killed or injured as a result of the disaster in the covered counties.
Additionally, penalties on payroll and excise tax deposits due between March 9 and March 25 will be waived as long as the deposits are made by Monday, March 25.
Chart: Where Nebraska floods did damage
The chart below shows each Nebraska county that has reported damage to the Nebraska Emergency Management Agency. In all, early estimates have the number at nearly $650 million in damages. Hover over bubbles to see damage amounts. Data updated at 6:30 p.m. March 21.
The IRS disaster hotline number is: 866-562-5227.
If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice.
Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684, Casualties and Thefts and its Instructions.
Affected taxpayers claiming the disaster loss on a 2018 or 2019 return should put the Disaster Designation, “Nebraska, severe winter storm, straight-line winds, and flooding” at the top of the form so that the IRS can expedite the processing of the refund. Be sure to include the disaster declaration number, FEMA 4420, on any return. See Publication 547 for details.
The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation “Nebraska, severe winter storm, straight-line winds, and flooding” in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.
Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case. Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 800-829-3676. The IRS toll-free number for general tax questions is 800-829-1040.