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Tax Law Passes To Make Wildfire Settlements Tax Free -- Retroactively

By Forbes   |   1 year ago
Tax Law Passes To Make Wildfire Settlements Tax Free -- Retroactively

The Senate has passed the "Federal Disaster Relief Act of 2023," providing tax relief for wildfire victims. The bill, expected to be signed by President Biden, includes exclusions for wildfire recoveries, aiding victims of disasters.

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