California LA Wildfire Disaster Loss Tax Deduction
Financial Products
About
- Allows qualifying California taxpayers to deduct unreimbursed disaster losses from the January 2025 Los Angeles fires and potentially claim the loss on the disaster year or preceding tax year under California disaster-loss rules.
Eligibility — Citizenship
- Applicant must be eligible to claim the loss on a California return.
Eligibility — Other
- Loss must result from the qualifying January 2025 Los Angeles fires.
- Deduction applies to qualifying disaster loss after required reimbursement/compensation adjustments.
Benefits
- Varies by qualifying unreimbursed loss and California tax liability. (One deduction/election per qualifying loss and tax year, subject to tax rules.)
- California disaster-loss deduction / potential tax refund
Documents needed
- California return/amended return and disaster-loss forms/schedules plus supporting loss/reimbursement records. The January 2025 Los Angeles/Ventura fires and windstorms use disaster code 157.
How to apply
- online
- Processing time: Varies by return type and FTB processing.
Also at this location(2)
