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With over 80,000 CPAs in California supporting millions of taxpayers, these professionals play a pivotal role in guiding taxpayers through the complexities of disaster tax relief:
Gov. Gavin Newsom on Wednesday proposed a $125-million mortgage relief fund for the victims of recent natural disasters, including the fires that swept through Los Angeles County last month.
The governor has also proposed additional budget items that include an additional $60 million in California Competes Grants and $7.4 million in the 2025-26 budget year, growing to $12.5 million to ...
On January 14, 2025, the Federal Emergency Management Agency opened two disaster recovery centers to help wildfire victims apply for financial assistance: one in West Los Angeles at the UCLA Research Park (the former Westside Pavilion) and the other in Pasadena at the Community Education Center of Pasadena City College. [296]
The program provides grants for two types of disaster recovery work. The first is emergency work – this includes the debris removal and the preventative measures taken to secure the property and prevent further damage to the property and to public health. The second is permanent work – which covers the measures needed to restore, or replace ...
Name County Acres Start date Containment date [a] Notes Ref. Palisades: Los Angeles: 23,448: January 7: January 31: Evacuations forced; destroyed 6,837 structures and damaged 1,017 in Pacific Palisades and Malibu, northwest of Santa Monica; twelve confirmed fatalities and four confirmed injuries; third-most destructive wildfire in California history; associated with extremely powerful Santa ...
A bipartisan group of lawmakers from Orange County, Calif., are urging House leaders to include disaster relief funding in fiscal 2025 spending, highlighting wildfire damage in the state even as ...
Fortunately, you can tap your retirement savings to pay for damages related to federally declared disasters, but there are key rules to understand before you do this. The SECURE 2.0 Act, passed at ...