hurricane ian victims in florida north carolina and south carolina are still trying to get their bearings after last month’s epic wind water and flooding caused billions of dollars in damage while the recovery process continues the internal revenue service said this week it’s adding extra time and penalty relief connected to overdue 2019 and 2020 income taxes taxpayers who still hadn’t filed these returns were facing a sept 30 deadline to submit them and sidestep a penalty many people eligible for the penalty relief had already turned in their returns before the irs’s late august announcement the irs this week said hurricane ian victims and other people trying to bounce back from recent natural disasters like hurricane fiona in puerto rico now have through feb 15 to file the 2019 and 2020 returns to bypass the penalty they would still be subject to failuretopay penalties and interest but the failuretofile penalty is more costly the irs already pushed back the filing deadline for hurricane ian victims who previously received an extension on their 2021 income taxes instead of an oct 17 deadline these households and businesses now have a feb 15 deadline tax deadlines may be the least of headaches for hurricane ian victims who now have to navigate the insurance claims process insured losses from hurricane ian could range between 35 billion and 55 billion according to fitch ratings estimates that could be second behind the insurance toll from hurricane katrina of 2005 it noted in 2021 dollars the insured losses during the 2005 hurricane came to 90 billion according to the ratings firm