In a significant move to alleviate financial stress, the IRS has announced tax relief measures for individuals and businesses affected by the recent wildfires in Southern California.

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 and the state of California have announced tax relief for wildfire victims across Southern California. Impacted taxpayers now have until Oct. 15, 2025, to file various individual and business tax returns and make tax payments.

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

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

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.

WASHINGTON -- The Internal Revenue Service will begin accepting tax returns for tax year 2024 on Monday, Jan. 27, the IRS agency announced. The deadline to file taxes for tax year 2024 is April 15. The IRS expects more than 140 million Americans to file individual tax returns between Jan. 27 and April 15, according to a news release.

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

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

Tax season is nearly here and there are some changes you might want to know about. Here's what Californians should know.

President-elect Donald Trump says he plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations