IRS Grants Tax Relief to Those Affected by Los Angeles Wildfires
Residents and businesses in federally declared disaster areas receive extended tax deadlines and access to financial relief measures.
- The IRS has extended federal tax filing and payment deadlines for individuals and businesses impacted by the Los Angeles wildfires that began on January 7, 2025.
- Affected taxpayers now have until October 15, 2025, to file federal returns and make payments originally due between January 7 and October 14, 2025.
- Special provisions allow disaster victims to access up to $22,000 from retirement accounts without incurring the usual 10% early withdrawal penalty, with taxes spread over three years.
- Taxpayers in the disaster area may claim casualty loss deductions for unreimbursed property damage, but must carefully document losses and adhere to IRS guidelines.
- Free legal assistance and resources are available to wildfire survivors through California's statewide disaster legal services hotline and other organizations.