Tax extension for Vermont individuals and businesses affected by flooding

The information below applies to Vermont taxpayers only. You can disregard this notice if you are not a Vermont business or individual taxpayer.

The IRS has provided tax filing relief for taxpayers that reside or have a business in Vermont affected by flooding. Affected individuals and businesses now have until November 15, 2023 to file returns and pay many taxes that were originally due on or after July 7, 2023 and before November 15, 2023.

The extended deadline applies to many payments normally due during this period, and may include:

• Corporate and business income tax, including estimated payments
• Sales and use tax
• Meals and rooms tax
• Specific payroll withholding tax
• Estimated personal income tax payments, originally due September 15, 2023
• Filing of 2022 income tax returns with a valid federal and/or Vermont extension

The Vermont-specific tax relief applies to those impacted by July’s severe flooding; taxpayers not impacted by the flood are expected to file and pay taxes by their original due dates.

To view information from the State of Vermont about the tax extension, click here.

To view information from the IRS about the tax extension, click here.

Please note: GFC will not be delaying client work for the upcoming 9/15 and 10/15 deadlines unless we have specific discussions with clients around the need and applicability to utilize the revised 11/15 timeline. If you have questions about these extensions, please reach out to your GFC tax team members.