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relates to UN Plans Cyprus Meeting in April as Gap Widens Between Sides relates to Merkel Is Leaving and Macron Is Flailing, But the EU Has a New Heavyweight in Draghi relates to Facebook Bans All Myanmar Military, Related Entities After Coup relates to Army General Running Petrobras Will Learn About Oil on the Job relates to South Africa’s Debt-Consolidation Budget Explained relates to Australia Passes Law Making Facebook, Google Pay for News relates to Biden Revokes Trump Orders on Financial Regulation, Immigration relates to Cautious Asia Nations Finally Fire Starting Gun on Vaccines relates to Biden to Put Tanden in Another Post Should Her Nomination Fail relates to Xi Jinping Puts Personal Stamp on China’s Fight Against Poverty
relates to UN Plans Cyprus Meeting in April as Gap Widens Between Sides relates to Merkel Is Leaving and Macron Is Flailing, But the EU Has a New Heavyweight in Draghi relates to Facebook Bans All Myanmar Military, Related Entities After Coup relates to Army General Running Petrobras Will Learn About Oil on the Job relates to South Africa’s Debt-Consolidation Budget Explained relates to Australia Passes Law Making Facebook, Google Pay for News relates to Biden Revokes Trump Orders on Financial Regulation, Immigration relates to Cautious Asia Nations Finally Fire Starting Gun on Vaccines relates to Biden to Put Tanden in Another Post Should Her Nomination Fail
Politics

Texans Get Relief on IRS Tax Deadline, Foreclosures After Storm

Texans Get Relief on IRS Tax Deadline, Foreclosures After Storm

  • Tax deadline extended to June 15 for Texas residents
  • HUD plans 90-day foreclosure moratorium for federal mortgages
Texas Freezes Over

Texas residents and businesses have two extra months to file and pay their federal taxes, and Texans will also get some housing-related assistance after severe winter storms this month left millions without power and running water.

The Internal Revenue Service said on Monday that Texans have until June 15 to file federal returns and pay any taxes owed, tapping its authority to delay deadlines for disaster victims. Any tax forms due in the lead up to the June 15 deadline will be delayed until the new deadline.

The U.S. Department of Housing and Urban Development also announced a 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages. The HUD said that it will extend mortgage insurance to homeowners whose properties have been destroyed. The mortgage insurance expansion can be used to purchase a new home or renovate a damaged one.

Winter storms and record-breaking freezing temperatures hit nearly the entirety of Texas earlier this month. Millions lost power, and then water, as pipes froze and water pressure dropped. Power began resuming late last week and over the weekend, though millions are still without safe drinking water.