THOMPSON ANNOUNCES DISASTER TAX RELIEF SIGNED INTO LAW
December 12, 2024
December 12, 2024
WASHINGTON, Dec. 12 -- Rep. Mike Thompson, D-California, issued the following news release:
Today, Rep. Mike Thompson (CA-04) announced that President Biden has signed the bipartisan Federal Disaster Tax Relief Act (H.R. 5863) into law. The bill includes Rep. Thompson's legislation that exempts thousands of qualified wildfire victims in California from having to pay federal income tax on their settlement money or pay tax on attorney fees included in the settlement. This relief appli . . .
Today, Rep. Mike Thompson (CA-04) announced that President Biden has signed the bipartisan Federal Disaster Tax Relief Act (H.R. 5863) into law. The bill includes Rep. Thompson's legislation that exempts thousands of qualified wildfire victims in California from having to pay federal income tax on their settlement money or pay tax on attorney fees included in the settlement. This relief appli . . .