Skip to main content
Business

The Feds Gave the Bay Area a Tax Extension. Now California Is, Too

Written by Peter-Astrid KanePublished Jan. 13, 2023 • 1:30pm
The governor's disaster declaration gave storm-ravaged Californians a one-month reprieve on their taxes. | Songsak Rohprasit/Getty Images

English

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.

English

Peter-Astrid Kane can be reached at [email protected]


New SF Cannabis Lounge Will Feature a Secret Garden—and We Got a Sneak Peek

New SF Cannabis Lounge Will Feature a Secret Garden—and We Got a Sneak Peek


Here Are the Tech Companies That Vacated the Most San Francisco Office Space

Here Are the Tech Companies That Vacated the Most San Francisco Office Space


‘Robot Lawyer’ Yanked From Courtroom After Legal Outcry

‘Robot Lawyer’ Yanked From Courtroom After Legal Outcry


He Survived the ‘Knife Fight’ of SF Politics. What’s Sharky Laguana’s Next Act? 

He Survived the ‘Knife Fight’ of SF Politics. What’s Sharky Laguana’s Next Act? 


Why Google Leased This Patch of Land for an Insane Price

Why Google Leased This Patch of Land for an Insane Price


Stay on top of what’s happening in your city

SF’s most important stories, delivered straight to your inbox



By clicking Subscribe you confirm you have read and agree to our Terms of Use and acknowledge our Privacy Policy