Colorado provides an extension for taxpayers hurt by hurricanes Helene, Milton
(The Center Square) - Colorado taxpayers impacted by hurricanes Helene and Milton now have until May 1, 2025, to file various individual and business tax returns and to make tax payments.
The state's decision mirrors that made by the Internal Revenue Service.
“We want to ensure that Coloradans impacted by these terrible storms, who are part-time Alabama, Florida, Georgia, North Carolina, and South Carolina, and parts of Tennessee and Virginia residents or who have property or business there, have the support and relief they need during this challenging time," Governor Jared Polis said in a statement. "Tax deadlines should be the last thing that families impacted by these natural disasters are worried about. This relief will help allow families to prioritize their safety and recovery from these storms without being unnecessarily penalized for missing a deadline."
People impacted by hurricanes Helene and Milton who reside in or have businesses near Florida, Alabama, Georgia, North Carolina, South Carolina, and parts of Tennessee and Virginia qualify for this extension.
The decision lets the Colorado Department of Revenue postpone some tax-filing and tax-payment deadlines for taxpayers living in or who have a business in the disaster area.
Deadlines falling on or after September 23, 2024, and before February 15, 2025, have been postponed through May 1, 2025, for impacted taxpayers.
Those impacted who had an automatic extension to file their 2023 return, due on October 15, 2024, also have until May 1, 2025, to file. The extension does not relieve people from penalties and interest, or tax payments from 2023 returns that were due on April 15, 2024.
Colorado plans to honor any interest waiver granted by Florida for affected International Fuel Tax Agreement (IFTA) motor carriers based in Florida if the state receives payments by the extension deadline.
Colorado sales tax licenses who file and pay by the May 1, 2025, extension deadline will still count as "timely filing" and be eligible for any vendor fee that applies.
Department exemptions do not apply to home-rule jurisdictions, which collect their taxes separately.
CDOR will not apply this tax deadline waiver automatically.
People who reside in or have a business in the area covered by the disaster area have to call the tax information hotline at 303-238-SERV (7378); office hours are Monday through Friday from 8 a.m. to 4:30 p.m. to ask for the extended deadline after they get the bill.