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SF Just Got Another Extension on Its Federal Tax Deadline

San Franciscans got more time on Monday to file their federal taxes, but not those with the state.

The IRS announced Monday that individual taxpayers in 55 of California’s 58 counties — including all nine in the Bay Area — now have until Nov. 16 to file their taxes, marking a seven-month extension from the initial April 18 deadline following a series of winter storms that drenched the state.

That extension doesn’t appear to apply to state taxes, however. The California Franchise Tax Board announced Monday that state taxes were still due that day, which was the originally extended deadline. California tax officials couldn’t be reached for comment prior to publication.

Most Californians got a six-month extension to file their state and federal taxes in the aftermath of a series of winter storms, but federal officials announced on Monday — the previous extended due date — that the new deadline would fall on Nov. 16.

California lawmakers asked the IRS earlier this month to grant extensions to all California counties where disasters were declared between December 2022 and July 2023. Napa Rep. Mike Thompson and Doug LaMalfa of Chico also drafted legislation that would ensure PG&E Fire Victim Trust recipients’ settlement money is untaxed.

The House Ways and Means committee was set to mark up the bill on Oct. 4, a day after a group of far-right Republicans forced a vote to oust former House Speaker Kevin McCarthy. The House has not elected a speaker since then.

“I am focused on using this additional time to get my legislation to exempt PG&E Fire Victims Trust payments from taxes passed out of the House, through the Senate, and signed into law by President Biden,” Thompson said. “Wildfire survivors should not pay taxes on these settlements, and the extension provides valuable time to pass the bill.”

San Francisco just experienced its wettest winter in recent memory. Though rainfall eased drought conditions across the state, it revealed the vulnerabilities of San Francisco’s aging rainwater infrastructure in an era of increasingly powerful storms. City officials said in May that they would invest nearly $800 million to improve infrastructure in anticipation of more wet winters.

Source : San Francisco Examiner