The IRS has granted tax relief to businesses and individuals in Los Angeles County and other federally declared disaster areas due to the recent wildfires. This includes extensions for various tax filings and payments, which impact your 401(a) Defined Contribution and Defined Benefit plan deadlines. Below are the key considerations for your plan:
| Category | Original Deadline | Extended Deadline | Funding Requirement | Notes |
|
S Corporation (Fiscal-Year 10/31/2024) |
January 15, 2025 | October 15, 2025 | Deductible contribution can be made by 10/15/25 | Extended deadline for filing and deductible contributions not subject to Defined Benefit Minimum Funding requirements |
| DB Plan Minimum Funding Deadline (10/31/24 Plan year End) |
July 15, 2025 | No Extension | Must be made by July 15, 2025 | Deadline to satisfy DB plan minimum funding requirement remains 7/15/2025 to avoid penalties |
|
S-Corporation (Fiscal Year 11/30/24) |
February 15, 2025 | October 15, 2025 | Deductible Contribution can be made by 10/15/25 | Extended deadline for filing and deductible contributions not subject to Defined Benefit Minimum Funding requirements |
| DB Plan Minimum Funding Deadline (11/30/24 Plan year End) | August 15, 2025 | No Extension | Must be made by August 15, 2025 | Deadline to satisfy DB plan minimum funding requirement remains 8/15/2025 to avoid penalties |
|
S-Corporation (calendar year end 12/31/24) |
March 15, 2025 | October 15, 2025 | Deductible Contribution can be made by 10/15/25 | Extended deadline for filing and deductible contributions not subject to Defined Benefit Minimum Funding requirements |
| DB Plan Minimum Funding Deadline (12/31/24 Plan year End) | September 15, 2025 | No Extension | Must be made by September 15, 2025 | Deadline to satisfy DB plan minimum funding requirement remains 9/15/2025 to avoid penalties |
Please contact our office if you think this extension may apply to your plan.
FEMA (PDF version)
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