On January 10, 2025, the IRS issued a notice granting relief to victims of wildfires and straight-line winds that began on January 7, 2025, in parts of California was updated by the IRS on February 11, 2025, to clarify that qualified wildfire relief payments made to Los Angeles County taxpayers affected by the disaster that are not covered by insurance or other reimbursements would be excluded from income, even if these payments are made by nonprofit organizations or other non-governmental entities. The details of the notice state:
These taxpayers now have until October 15, 2025, to file […]