The IRS has announced tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on January 7, 2025.
Tax Relief for Victims of the California Wildfires
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Individual Tax
Tax Alert: President Biden Signs Federal Disaster Tax Relief Act of 2023
On December 12, 2024, President Biden signed into law the Federal Disaster Tax Relief Act of 2023 (H.R. 5863), providing tax relief for victims of various federally declared disasters. This legislation offers benefits to individuals and businesses affected by natural disasters, wildfires, and the East Palestine, Ohio train derailment.