San Diego, CA IRS tax deadlinne extended. Is it fair?

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   tsmogposted 6 weeks ago

   https://news.caloes.ca.gov/tax-deadline … ry-storms/
   
   "Continuing to support Californians as they recover from recent storms, the Internal Revenue Service (IRS) approved a request from Governor Gavin Newsom, the California Governor’s Office of Emergency Services (Cal OES) and the California Franchise Tax Board (FTB) to extend tax deadlines for California taxpayers in San Diego County to June 17, 2024. 
   
   These extensions come following a Presidential Major Disaster Declaration announced on February 19, 2024."
   
   Its a Hooray for me. But, what about you?
   
   Thoughts?

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      GA Andersonposted 6 weeks agoin reply to this

      Just from your details . . .
      
      It seems the only complaint would be that 'rich' folks who owe taxes might get an extra 60 days of interest income. Those due refunds shouldn't be affected.
      
      GA

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         tsmogposted 6 weeks agoin reply to this

         True! For me, living in San Diego County, I get to exercise my powers of procrastination longer. I enjoy procrastination at times. Just an 'old guy' thing or I am a no good lazy son of bitch.

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            GA Andersonposted 6 weeks agoin reply to this

            Let's call it an 'old guy' thing. I've gotten so good at it that I can put off putting off something.
            
            GA

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               tsmogposted 6 weeks agoin reply to this

               

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      Sharlee01posted 6 weeks agoin reply to this

      Sounds like a win, win..
      
      In my view, the tax break carries significant implications for various segments of the population. While this measure offers relief to all taxpayers in the affected area, its impact may be felt profoundly by citizens and entities directly affected by the adverse weather conditions.
      
        It would seem those likely to benefit most are individuals who faced disruptions or damages to their homes and properties, as the extended deadline provides them with the better flexibility to navigate insurance claims, assess damages, and initiate repairs without the added pressure of imminent tax deadlines.  Plus, small businesses, particularly those in sectors vulnerable to storm-related impacts, stand to gain from the additional time afforded by the extension, allowing them to address losses, gather essential claim information, and ensure accurate reporting without compromising on recovery efforts.
      
      It is clear that low-income individuals, who may already face financial challenges exacerbated by the storms, can utilize the extended deadline to seek necessary assistance, manage their tax obligations more effectively, and ward off some of the stress associated with meeting financial responsibilities during times of crisis.

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         tsmogposted 6 weeks agoin reply to this

         It appears from the contribution you shared what they get to enjoy is opportunity.
         
         "An opportunity is a three-way relationship between a person, some obstacles, and a desired goal."

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            Sharlee01posted 6 weeks agoin reply to this

            Indeed, the tax relief measures in California appear to be equitable, in my view, especially considering the challenges brought by the recent storms. I believe it's a prudent decision to offer all citizens support, it could prevent citizens from facing economic downturns that could potentially trigger a chain reaction affecting everyone. From businesses on down, a domino effect could occur, without a solid solution to help citizens financially.

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