Tax and financial advice from the Silicon Valley expert.

Tax relief for Los Angeles fire victims

The IRS has announce tax relief for individuals and businesses in Los Angeles county affected by wildfires and heavy winds that began January 7, 2025.

Their filing deadline for 2024 income tax returns has been extended to October 15, 2025.

Various tax filings and payment deadlines for returns and payments due from January 7, 2025 through October 15, 2025 have also been postponed to October 15, 2025.

Here’s a link to the news release, IR-2025-10. https://www.irs.gov/newsroom/irs-california-wildfire-victims-qualify-for-tax-relief-various-deadlines-postponed-to-oct-15

Here’s a link to the IRS tax relief in disaster situations page, including other U.S. disasters. https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

Governor Newsom has announced the Franchise Tax Board will also postpone filing and payment dates for 2024 income tax returns to October 15, 2025 for taxpayers located in Los Angeles County. Here’s a link to that announcement. https://www.gov.ca.gov/2025/01/11/california-provides-tax-relief-for-those-affected-by-los-angeles-wildfires/ Here is a link to the Franchise Tax Board’s announcement. https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2025-01-emergency-tax-relief-for-los-angeles-county-fires.html

The Employment Development Department has announced a 60-day extension of time to file California state payroll tax reports and make payroll tax deposits for employers in Los Angeles and Ventura counties. The extension is not automatic; it must be requested. Here’s a link to the announcement. https://edd.ca.gov/en/about_edd/news_releases_and_announcements/california-supports-southern-california-communities-impacted-by-the-state-of-emergency-and-provides-relief-for-workers-and-businesses/

The California Department of Tax and Fee Administration (CDTFA) (sales and use tax) has also announced a 60-day extension of time to file California sales and use tax reports and make tax deposits for businesses in Los Angeles and Ventura Counties. The extension is not automatic; it must be requested. Here’s a link to the CDTFA’s tax relief page. https://www.cdtfa.ca.gov/services/state-of-emergency-tax-relief.htm

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Tax and financial advice from the Silicon Valley expert.