IRS offers tax relief for Nebraska flood victims

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OMAHA, Neb. (WOWT) - The IRS is offering tax relief for victims of the severe weather that swept through Nebraska in March.

Because of the federal disaster declaration, people who live or have a business in Butler, Cass, Colfax, Dodge, Douglas, Nemaha, Sarpy, Saunders or Washington counties may qualify for special tax relief.

The 2018 individual income tax returns and the quarterly estimated income tax payments deadlines have been extended to July 31, 2019. Eligible taxpayers will also have until that date to make 2018 IRA contributions.

Penalties on payroll and excise tax deposits due on or after March 9 and before March 25 will also be abated as long as deposits were made by March 25.

The IRS automatically identifies the taxpayers located in the disaster area and applies the filing payment relief, but affected people who reside or have a business located outside of the disaster area should call the IRS disaster hotline at 866-562-5227.

Affected taxpayers can also claim disaster-related casualty losses on their income tax form. Personal property losses not covered by insurance or other reimbursements can be deducted. Those claiming disaster loss should put "Nebraska, severe winter storm, straight-line winds, and flooding" at the top of the form so it can be expedited.

The IRS will also waive fees and expedite requests for copies of previously filed tax returns for the affected taxpayers. They should write the same things as listed above on the forms.

For more information, contact your local IRS office.