01/11/2025 | Press release | Distributed by Public on 01/11/2025 15:36
Jan 11, 2025
What you need to know: In wake of the recent wildfires, the state is offering taxpayers in Los Angeles County a postponement on filing 2024 tax returns and making tax payments that would have been due between January 7 and October 15, 2025.
LOS ANGELES - Governor Newsom today announced that the California Franchise Tax Board (FTB) will provide state disaster tax relief for taxpayers and businesses affected by the recent wildfires in Los Angeles.
Governor Gavin Newsom
Taxpayers in Los Angeles County will be granted a postponement to October 15, 2025, to file California tax returns on 2024 income and make any tax payments that would have been due January 7, 2025, through October 15, 2025. This aligns with the federal extension recently granted to California's wildfire victims.
"Our state faces one of the most devastating fires in recent history, which has taken lives, displaced thousands of families, and left entire communities in ruins," said State Controller and FTB Chair Malia M. Cohen. "My heart goes out to everyone affected - please know that you are not alone. I am committed to ensuring that Californians have the help they need during this incredibly difficult time through disaster relief resources that are available through FTB."
The postponement announced today includes the following:
Earlier this week, Governor Newsom proclaimed a state of emergencyand secured a Major Disaster Declarationfrom President Joe Biden in response to the recent wildfires. These declarations mean residents and businesses in areas of California that have been affected by the fires are eligible for tax relief.
Taxpayers affected by a presidentially declared disaster may claim a deduction for a disaster loss. The advantage of claiming the disaster loss on a tax year 2024 return is that FTB can issue a refund sooner.
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