IRS extends tax deadlines to October 15 for California wildfire victims, including filing, payments, disaster claims, non-taxable aid, and penalty-free retirement withdrawals.

In a significant move to support those affected by natural disasters, the IRS has announced tax relief measures for individuals and businesses in Southern California impacted by recent wildfires and straight-line winds.

The federal tax agency announced various extensions, credits, and exclusions, including potential penalty-free distributions from retirement plans and IRAs.

The wildfire disasters in Los Angeles County prompted the Franchise Tax Board to push the state’s tax filing deadline to Oct. 15 for county residents. The move, announced Saturday, Jan. 11, follows the Internal Revenue Service, which on Friday postponed the federal filing deadline for LA county residents to mid-October.

The Internal Revenue Service (IRS) announced tax relief for individuals and businesses in Southern California affected by the wildfires and straight-line winds that began on Januar

The following summarizes some of the available tax relief procedures for taxpayers affected by the Palisades, Eaton, Hurst, and other Los

The Internal Revenue Service (IRS) has provided broad tax relief to taxpayers in Los Angeles County impacted by the recent winds and wildfires.

President-elect Donald Trump has reportedly contemplated declaring a national economic emergency to implement tariffs.

The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.

The relief measures include extended deadlines for 2024 retirement contributions and penalty-free hardship withdrawals for those affected.

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