Navigating Tax Relief Options in the Aftermath of California's Wildfires: A Quick Guide
- spencerdrobertson
- Jan 18
- 2 min read
CA Wildfire Tax Relief
In the wake of the devastating wildfires that have ravaged California, our hearts go out to all those affected. We stand in solidarity with you during this incredibly challenging time. The destruction and loss caused by these fires are unimaginable, and we want to extend our deepest sympathies to everyone impacted.
We encourage everyone to come together and support those in need, whether through donations, volunteering, or simply offering a helping hand to a neighbor. Together, we can help rebuild and heal our communities.
Tax Relief
Both the IRS and the state of California are providing tax relief to those impacted by the wildfires.
Federal Relief:
To qualify for IRS tax relief, you must live in or own a business in Los Angeles County, or another disaster area declared by the Federal Emergency Management Agency (FEMA). Key extensions include:
Individuals:
Extended to October 15, 2025
Tax Return (Form 1040) due April 15, 2025
2024 IRA contributions/HSAs for eligible taxpayers
Quarterly estimated payments 2025 Q1-Q3 (Form 1040-ES) due April 15, June 15, and September 15, 2025
Businesses:
Extended to October 15, 2025
Tax-exempt organizations due on May 15, 2025
Partnerships (Form 1065) due on March 17, 2025
S-Corporations (Form 1120-S) due March 17, 2025
Quarterly payroll and excise tax returns due on January 31, April 30, and July 31, 2025
You can find more information located here.
California State Relief:
The state of California offers similar tax relief as the IRS, with a main difference:
PTE elective payments due on March 15 and June 15, 2025
You can find more information located here.
How to Receive Tax Relief:
The IRS automatically identifies taxpayers in the disaster area. However, if you are outside the covered disaster area, you can call the disaster hotline at 866-562-5227 to request tax relief.
Next Steps
The California wildfires are truly devastating. The rebuilding process will prove to be a daunting task. However, understanding and accessing available tax relief options can ease some financial burdens. By leveraging the resources from the IRS and local governments, individuals and businesses can gain essential support as they attempt to restore their lives and communities.
If you or someone you know has been impacted, please be sure to reach out to us at affordableknowledgellc@gmail.com if you have any questions. Please consider donating to various organizations to help restore the areas affected by the wildfires. Please see visit this website for more information on how to donate.
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