IRS Information Release IR-2025-47 grants comprehensive disaster‑related tax relief to all individuals and businesses across Tennessee’s 95 counties after the severe storms, tornadoes, straight‑line winds and flooding that began on April 2, 2025. Tennessee taxpayers now have until November 3, 2025 to file and pay enumerated federal returns and related taxes.
The Notice specifies that the Nov. 3, 2025 deadline will now apply to:
Individual income tax returns and payments normally due on April 15, 2025.
2024 contributions to IRAs and health savings accounts for eligible taxpayers.
Quarterly estimated tax payments normally due on April 15, June 16 and Sept. 15, 2025.
Quarterly payroll and excise tax returns normally due on April 30, July 31 and Oct. 31, 2025.
Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025.
Calendar-year tax-exempt organization returns normally due on May 15, 2025.
Further, the Notice provides guidance on how individuals and business who suffered uninsured or unreimbursed disaster-related losses can choose to claim them.
Taxpayers who receive qualified disaster relief payments may generally exclude such payments from gross income.
Taxpayers may be able to take a special disaster distribution from retirement plans or individual retirement arrangements (IRAs) without being subjected to the additional 10% early distribution tax and may be able to spread the income over three years.
Click here to read the full IRS statement. Please contact us if you have further questions.