A Guide for Palisades Fire Victims Regarding Disaster Assistance and Tax Reliefs

On: January 17, 2025

The Palisades fire is one of the ravaging disasters that has devasted the entire neighborhood of Southern California. It has left many Californians homeless, and the loss of family members has created a deep impact in the minds of the people.

Californians now need assistance both from the federal level and the state level to get access to the safety net that will help them rebuild and recoup the financial loss they have faced for this unexpected event.

Disaster Relief From the Federal Level

The role of the federal-level relief program comes to rescue in this situation as it helps the victims to get the assistance to get covered for all the losses the citizens have faced.

• Use of FEMA Assistance

In the disaster relief program, a victim can log into the FEMA website or get the mobile app, and through that, one can get the facility of rehabilitation, and through that, one can get the expenses covered of temporary housing and other costs such as medical and legal fees.

• Tax Relief Programs from the IRS

On the federal level, there are programs for tax relief, and through that, one can get tax relaxation from it. A person now has an extension period till October 15^th, 2025, which is extended from the last date of April 15^th of each year.

• Casualty Losses Relief from the IRS

While filing for taxes, one can get the casualty loss deductions, and through that they can have the funds to adjust from the gross income of the year. Leading Tax Group has a group of attorneys who face problems in getting the casualty loss deduction benefit. One can contact us at (800) 900-4250 or mail us at info@LeadingTaxGroup.com to get in touch.

The tax attorneys in Pasadena and also at other locations can be your source of rescue who can help you to get the deductions on the casualty grounds.

State-Level Tax Assistance for the Victims

On the state level also Governor Gavin Newsom is taking measures to stop the victims from getting exploited by the predatory real estate deals. Here, the person can have the benefit of the assistance program of the state. The Mayor’s fund of the state is also the one that’s helping the victims to recover from the loss.

• Making the Area Safe by Removing Contamination

The first act that the evacuation force of the state is doing is to remove the contaminating items from that area and ensure the safety of the unaffected states. The disaster relief programs and Red Cross are all operating from the state.

• Property Tax Assistance for Victims

CDTFA has announced the assessment of property tax for the victims if their homes or businesses got ruined in the wildfire incident. Their property will be assessed after the post-disaster value, and that might lower the property tax for the inhabitants of the fire-devasted areas.

• Tax Relief on Affected Businesses

Tax relief programs are also initiated for individuals and businesses, and that is aimed at providing relief to the victims who are currently going through a setback of financial and material loss.

Leading Tax Group can help such individuals and businesses who are there in that situation, and the attorneys can find ways to help the victims get tax credits due to the disaster. Contact us at (800) 900-4250 or email info@LeadingTaxGroup.com for more information, and through that, one can get more help and ideas.