The Internal Revenue Service (IRS) announced a taxpayer relief program for those affected by terror attacks in Israel and has postponed tax deadlines until October next year.
Individuals and businesses affected by the conflict can delay tax deadlines that began on Oct. 7 for one year, the agency announced Friday. As such, taxes due from Oct. 7, 2023, will only have to be paid off by Oct. 7, 2024. To qualify, an individual must have a principal residence or business entity in the “covered area”—Israel, the West Bank, or Gaza.