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TAX RELIEF FOR DISASTER VICTIMS ACROSS THE UNITED STATES AND ITS TERRITORIES

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As of October 1, 2024




The IRS has issued several notices over the past few months regarding relief
available to victims of disasters in several states. See each IRS Notice at the
links below. A taxpayer involved in a 1031 exchange may qualify for relief if
they are a victim of one of these disasters.

 

An “Affected Taxpayer” is an individual who lives, or a business with a
principal place of business located in, the applicable Covered Disaster Area
from the below list. Affected Taxpayers are entitled to relief in the form of an
extension regardless of where their exchange property is located.

 

Affected Taxpayers have two options for relief*:

 

 1. An Affected Taxpayer whose 45th and/or 180th day deadline falls on or after
    the listed Disaster Date, but before the applicable Extension Date, may
    extend the deadline to the Extension Date.
 2. An Affected Taxpayer whose relinquished property was transferred prior to
    the Disaster Date may extend any deadline falling on or after the Disaster
    Date by the later of 120 days or to the Extension Date.

 

Taxpayers who are NOT “Affected Taxpayers,” but who otherwise have difficulty
meeting their 45th or 180th day deadlines, may be eligible for extension relief
of either 120 days, or to the Extension Date (whichever is later).

 

 * For example, their replacement property could be located in the Covered
   Disaster Area and all parties there are prevented from being able to
   accomplish a closing by the 180th day. Even though the Exchangor purchasing
   the property does not reside in the Covered Disaster Area and is thus not an
   “Affected Taxpayer,” they are able to make use of the extension so that they
   can acquire the property and complete their exchange.

 

Additionally, any 45th day that fell prior to the Disaster Date is also extended
if the taxpayer’s identified replacement property is substantially damaged by
the disaster.

 

Taxpayers should always consult in detail with their tax advisors when
determining whether they are eligible for and what steps must be taken to
utilize an extension due to a disaster. It is also important to check with your
applicable taxing authorities whether on a state or local level, these
extensions will be honored for any state-specific tax deadlines to be met.

 

*These options are provided under Sections 6 and 17 of Revenue Procedure
2018-58. The full text, including all circumstances in which Section 17
extension relief can be granted to a non-Affected Taxpayer, can be viewed here:
rp-18-58.pdf (irs.gov)

 

RECENT DISASTER RELIEF:




Florida - Hurricane Milton




Disaster Date:                October 5, 2024




Extension Date:             May 1, 2025

 

Covered Disaster Area: Alachua, Baker, Bradford, Brevard, Broward, Charlotte,
Citrus, and Clay counties in Florida.




Alabama, Florida, Georgia, Virginia, North Carolina, South Carolina and
Tennessee - Hurricane, Tropical Storm & Post-tropical Cyclone Helene

 

Disaster Date:                September 22, 2024 for Alabama; September 23, 2024
for Florida; September 24, 2024 for Georgia; September 25, 2024 for Virginia and
the Carolinas; September 26, 2024 for Tennessee.




Extension Date:             May 1, 2025

 

Covered Disaster Area:

-        All counties in Alabama.

-        Alachua, Bay, Bradford, Calhoun, Charlotte, Citrus, Collier, Columbia,
Dixie, Escambia, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hernando,
Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lee, Leon, Levy, Liberty,
Madison, Manatee, Marion, Monroe, Okaloosa, Pasco, Pinellas, Santa Rosa,
Sarasota, Sumter, Suwannee, Taylor, Union, Wakulla, Walton, and Washington
counties in Florida.

-        All counties in Georgia.

-        City of Galax, Grayson, Smyth, Tazewell, Washington, Wise, and Wythe
counties in Virginia.

-        All counties in North Carolina.

-        All counties in South Carolina.

-        Carter, Cocke, Greene, Hamblen, Hawkins, Johnson, Unicoi and Washington
counties in Tennessee.

 

Louisiana - Hurricane Francine

 

Disaster Date:                September 10, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: All counties in Louisiana.

 

 

New York and Connecticut – Severe Storms, Flooding, Landslides and Mudslides

 

Disaster Date:                August 18, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: Suffolk County in New York and Fairfield, Litchfield, and
New Haven counties in Connecticut.

 

Puerto Rico and U.S. Virgin Islands - Tropical Storm Ernesto

 

Disaster Date:                August 13, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: all 78 municipalities in Puerto Rico, and the islands of
St. Croix, St. John, St. Thomas, and Water Island.

 

South Carolina, Florida, North Carolina, Georgia, Vermont - Hurricane Debby

 

Disaster Date:                August 1, 2024 in Florida, August 4, 2024 in
Georgia and South Carolina, August 5, 2024 in North Carolina, August 8, 2024 in
Vermont and August 9 in Pennsylvania

Extension Date:             February 3, 2025 (extended to May 1, 2025 for
taxpayers also affected by Hurricane Helene).

 

Covered Disaster Area: 

-        All counties in South Carolina.

-        The following 61 counties in Florida: Alachua, Baker, Bay, Bradford,
Brevard, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie,
Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton,
Hardee, Hendry, Hernando, Highlands, Hillsborough, Holmes, Jackson, Jefferson,
Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Monroe,
Nassau, Okaloosa, Okeechobee, Orange, Osceola, Pasco, Pinellas, Polk, Putnam,
Santa Rosa, Sarasota, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union,
Volusia, Walton, Wakulla and Washington.

-        The following counties in Georgia: Appling, Atkinson, Bacon, Ben Hill,
Berrien, Brantley, Brooks, Bryan, Bulloch, Burke, Camden, Candler, Charlton,
Chatham, Clinch, Coffee, Colquitt, Cook, Crisp, Decatur, Dodge, Echols,
Effingham, Emanuel, Evans, Glynn, Grady, Irwin, Jeff Davis, Jefferson, Jenkins,
Johnson, Lanier, Laurens, Liberty, Long, Lowndes, McIntosh, Mitchell,
Montgomery, Pierce, Richmond, Screven, Tattnall, Telfair, Thomas, Tift, Toombs,
Treutlen, Turner, Ware, Wayne, Wheeler, Wilcox and Worth.

-        The following counties in North Carolina: Alamance, Anson, Beaufort,
Bertie, Bladen , Brunswick, Camden, Carteret, Caswell, Chatham, Chowan,
Columbus, Craven, Cumberland, Currituck, Dare, Davie, Davidson, Duplin, Durham,
Edgecombe, Forsyth, Franklin, Gates, Granville, Greene, Guilford, Halifax,
Harnett, Hertford, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery,
Moore, Nash, New Hanover, Northampton, Onslow, Orange, Pamlico, Pasquotank,
Pender, Perquimans, Person, Pitt, Randolph, Richmond, Robeson, Rockingham,
Sampson, Scotland, Stokes, Surry, Tyrrell, Vance, Wake, Warren, Washington,
Wayne, Wilson and Yadkin.

-        The following counties in Vermont: Addison, Bennington, Caledonia,
Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans, Rutland,
Washington, Windham, and Windsor.

-        Lycoming, Potter, Tioga, and Union counties in Pennsylvania.

 

Illinois – Severe Storms, Tornadoes, Straight-line Winds and Flooding

 

Disaster Date:                July 13, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: Cook, Fulton, Henry, St. Clair, Washington, Will and
Winnebago counties in Illinois.




South Dakota – Severe Storms, Straight-line Winds and Flooding

 

Disaster Date:                June 16, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: Aurora, Bennett, Bon Homme, Brule, Buffalo, Charles Mix,
Clay, Davison, Douglas, Gregory, Hand, Hanson, Hutchinson, Jackson, Lake,
Lincoln, McCook, Miner, Minnehaha, Moody, Sanborn, Tripp, Turner, Union, and
Yankton counties in South Dakota.

 

Texas - Hurricane Beryl

 

Disaster Date:                July 5, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: Anderson, Angelina, Aransas, Austin, Bowie, Brazoria,
Brazos, Burleson Calhoun, Cameron, Camp, Cass, Chambers, Cherokee, Colorado,
Dewitt, Fayette, Fort Bend, Freestone, Galveston, Goliad, Gregg, Grimes, Hardin,
Harris, Harrison, Hidalgo, Houston, Jackson, Jasper, Jefferson, Kenedy, Kleberg,
Lavaca, Lee, Leon, Liberty, Madison, Marion, Matagorda, Milam, Montgomery,
Morris, Nacogdoches, Newton, Nueces, Orange, Panola, Polk, Refugio, Robertson,
Rusk, Sabine, San Augustine, San Jacinto, San Patricio, Shelby, Trinity, Tyler,
Upshur, Victoria, Walker, Waller, Washington, Webb, Wharton and Willacy counties
in Texas.

 

New Mexico – South Fork Fire, Salt Fire, Flooding




Disaster Date:                June 17, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Lincoln, Otero, Rio Arriba and San Juan counties, and on
lands of the Mescalero Apache Tribe, in New Mexico.

 

Minnesota – Severe Storms and Flooding

 

Disaster Date:                June 16, 2024

Extension Date:             February 5, 2025

 

Covered Disaster Area: Blue Earth, Carver, Cass, Cook, Cottonwood, Faribault,
Fillmore, Freeborn, Goodhue, Itasca, Jackson, Lake, Le Sueur, Mower, Murray,
Nicollet, Nobles, Pipestone, Rice, Rock, St. Louis, Steele, Wabasha, Waseca, and
Watonwan counties in Minnesota.

 

 

Iowa – Severe Storms and Tornadoes




Disaster Date:                April 26, 2024

Extension Date:             October 15, 2024

 

Covered Disaster Area: Clarke, Crawford, Harrison, Mills, Polk, Pottawattamie,
Ringgold, Shelby, and Union counties in Iowa.




Iowa – Severe Storms, Flooding, and Tornadoes




Disaster Date:                May 20, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Adair, Adams, Buena Vista, Butler, Calhoun, Cedar,
Cherokee, Clay, Dallas, Franklin, Hamilton, Hancock, Harrison, Humboldt, Iowa,
Jackson, Jasper, Kossuth, Marshall, Mitchell, Montgomery, Muscatine, Polk,
Pottawattamie, Poweshiek, Shelby, Story, Tama, and Wright counties in Iowa.

 

Iowa – Severe Storms, Flooding, Straight-Line Winds, and Tornadoes




Disaster Date:                June 16, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Buena Vista, Cherokee, Clay, Dickinson, Emmet, Harrison,
Humboldt, Lyon, Monona, O'Brien, Osceola, Palo Alto, Plymouth, Pocahontas,
Pottawattamie, Scott, Sioux, Winnebago, Winneshiek, Woodbury, and Worth and
Wright counties in Iowa.

 

Arkansas – Severe Storms, Straight-Line Winds, Flooding, and Tornadoes




Disaster Date:                May 24, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Baxter, Benton, Boone, Carroll, Fulton, Greene, Madison,
Marion, Nevada, Randolph, and Sharp counties in Arkansas.

 

Kentucky – Severe Storms, Straight-Line Winds, Tornadoes, Landslides and
Mudslides – Storm 1

 

Disaster Date:                April 2, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Boyd, Carter, Fayette, Greenup, Henry, Jefferson,
Jessamine, Mason, Oldham, Union, and Whitley counties in Kentucky.




Kentucky – Severe Storms, Straight-Line Winds, Tornadoes, Landslides and
Mudslides – Storm 2

 

Disaster Date:                May 21, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: Adair, Allen, Ballard, Barren, Breckinridge, Butler,
Caldwell, Calloway, Carlisle, Christian, Clay, Clinton, Crittenden, Cumberland,
Edmonson, Estill, Fulton, Garrard, Graves, Grayson, Green, Greenup, Harlan,
Hart, Hickman, Hopkins, Jackson, Knox, Larue, Laurel, Lee, Leslie, Livingston,
Logan, Lyon, Marshall, McCracken, McCreary, McLean, Meade, Menifee, Metcalfe,
Monroe, Muhlenberg, Ohio, Owsley, Perry, Pulaski, Rockcastle, Russell, Simpson,
Todd, Trigg, Warren, Washington, Wayne, Whitley, and Woodford counties in
Kentucky.

 

Missouri – Severe Storms, Straight-Line Winds, Flooding and Tornadoes




Disaster Date:                May 19, 2024

Extension Date:             February 3, 2025

 

Covered Disaster Area: Barry, Bollinger, Butler, Carter, Howell, Madison,
McDonald, New Madrid, Oregon, Reynolds, Ripley, Scott, Shannon, Stoddard, and
Texas counties in Missouri.

 

Oklahoma – Severe Storms, Straight-Line Winds, Tornadoes and Flooding – Storm 2




Disaster Date:                May 19, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Blaine, Caddo, Cluster, Delaware, Jackson, Mayes,
Muskogee, Roger Mills, Rogers and Woods counties in Oklahoma.




Florida – Severe Storms, Straight-Line Winds, and Tornadoes




Disaster Date:                May 10, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Baker, Columbia, Gadsden, Hamilton, Jefferson, Lafayette,
Leon, Liberty, Madison, Santa Rosa, Suwannee, Taylor, and Wakulla counties in
Florida.

 

Texas – Severe Storms, Straight-Line Winds, Tornadoes and Flooding




Disaster Date:                April 26, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Anderson, Austin, Bailey, Baylor, Bell, Blanco, Bosque,
Brown, Caldwell, Calhoun, Cass, Cherokee, Clay, Cochran, Coke, Coleman, Collin,
Concho, Cooke, Coryell, Dallas, Delta, Denton, Eastland, Ellis, Falls, Fannin,
Freestone, Gonzales, Grimes, Guadalupe, Hamilton, Hardin, Harris, Hays,
Henderson, Hill, Hockley, Hopkins, Houston, Jasper, Jones, Kaufman, Lamar,
Lampasas, Lee, Leon, Liberty, Limestone, Lynn, Madison, McCulloch, Milam, Mills,
Montague, Montgomery, Morris, Navarro, Newton, Panola, Polk, Rains, Robertson,
Rockwall, Rusk, San Augustine, San Jacinto, San Saba, Shelby, Smith, Sterling,
Terrell, Titus, Trinity, Tyler, Van Zandt, Walker, Waller, and Washington
counties in Texas.

 

Mississippi – Severe Storms, Straight-Line Winds, Flooding and Tornadoes




Disaster Date:                April 8, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Hancock, Hinds, Humphreys, Madison, Neshoba, and Scott
counties in Mississippi.

 

 

West Virginia – Severe Storms, Straight-Line Winds, Tornadoes, Flooding,
Landslides and Mudslides

 

Disaster Date:                April 2, 2024

Extension Date:             November 1, 2024

 

Covered Disaster Area: Boone, Brooke, Cabell, Fayette, Hancock, Kanawha,
Lincoln, Marshall, Nicholas, Ohio, Preston, Putnam, Tyler, Wayne and Wetzel
counties in West Virginia.

 1. First American
 2. First American Exchange
 3. Tax Relief for Disaster Victims Across the United States and its Territories

   
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