IRS Grants Tax Relief for Taxpayers Impacted by Wildfires in California

IRS Grants Tax Relief for Taxpayers Impacted by Wildfires in California

The Internal Revenue Service has announced tax relief for individuals and businesses in parts of California affected by wildfires and straight-line winds that began on Jan. 7, 2025.

Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA), individuals and households that reside or have a business in Los Angeles County, qualify for tax relief. The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Jan. 7, 2025, and before Oct. 15, 2025, are granted additional time to file.

As a result, affected individuals and businesses will have until Oct. 15, 2025, to file returns and pay any taxes that were originally due during this period.

Please see the following announcement from the IRS to see additional details on the extension – IRS Tax Relief