IRS news Release KY-2025-02 granted comprehensive disaster‑related tax relief for individuals and businesses across the entire state of Kentucky after the severe storms, straight-line winds, flooding, and landslides that began on February 14, 2025. Kentucky taxpayers now have until November 3, 2025 to file enumerated federal returns and make tax payments.
The news Release specifies that a 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.
- The estimated tax payments normally due on April 15, June 16, and Sept. 15, 2025.
- Penalties on payroll and excise tax deposits due on or after Feb. 14, 2025, and before March 3, 2025, will be abated as long as the tax deposits are made by March 3, 2025.
- Estate, gift, and generation-skipping transfer tax returns that have an original or extended due date occurring on or after Feb. 14, 2025, and before Nov. 3, 2025.
- Calendar-year fiduciary returns and payments normally due on April 15, 2025.
- Calendar-year tax-exempt organization returns normally due on May 15, 2025.
The Nov. 3, 2025, deadline also applies to affected businesses:
- Calendar-year corporation returns and payments normally due on April 15, 2025.
- Quarterly payroll and excise tax returns normally due on April 30, July 31, and Oct. 31, 2025.
- Calendar-year partnership and S corporation returns normally due on March 17, 2025.
Taxpayers who receive qualified disaster relief payments may generally exclude 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.