How L.A. Fire Victims Can Get Help From The Tax Code
- California residents affected by the Los Angeles fires may receive tax relief through casualty loss deductions and retirement account withdrawals without penalty, as stated by the Internal Revenue Service.
- Individuals and businesses have until October 15, 2025, to file returns and pay taxes due during the disaster period, according to the IRS announcement.
- The wildfires have burned at least 47,000 acres, with evacuation orders in effect for 88,000 residents, and at least 25 fatalities reported as of January 15, 2025.
- Organizations like Direct Relief and World Central Kitchen are providing medical aid and support to those impacted by the wildfires, emphasizing that cash donations are preferred.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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