Storm-ravaged Californians officially got a month-long tax filing extension from the Internal Revenue Service this week—and now the state is following suit.
Gov. Gavin Newsom announced Friday that any taxpayers impacted by the ongoing winter weather now have until May 15 to file, conveniently bringing the state in line with the federal extension. And while it's likely cold comfort to anyone who lost their belongings to flooding, Californians are also eligible to claim a deduction for destroyed property.
"Taxpayers affected by a presidentially declared disaster may claim a deduction for a disaster loss," the governor said. "Taxpayers may claim a disaster loss when filing either an original or amended tax year 2022 tax return."
The entire nine-county Bay Area was included in Newsom's list of 41 counties, as were Sacramento, Santa Cruz, Monterey and many others statewide.
As with the federal reprieve, this applies to deadlines falling on or after Jan. 8, 2023, and before May 15, 2023, including 2022 individual income tax returns and 2023 quarterly estimated tax payments.
Additional instructions are available in FTB Publication 1034, 2022 Disaster Loss: How to Claim a State Tax Deduction.