The Internal Revenue Service (IRS) has announced significant tax relief for thousands of residents affected by the wildfires in California.
Wildfires, spread by powerful Santa Ana winds, are engulfing much of Los Angeles. At least six blazes are currently active in the region as of Saturday.
Why It Matters
The tax relief will help thousands of Los Angeles residents who have lost their homes and businesses after the wildfires to rebuild.
Officials have estimated that more than 12,000 structures have been destroyed in the fires in Los Angeles which have left 11 dead and many more injured, according to the Associated Press.
What To Know
In a move aimed at alleviating some of the financial burdens faced by victims, the IRS is extending tax filing and payment deadlines from to October 15, 2025, for Los Angeles residents with homes or businesses in the city…