Legislation would provide tax relief for those affected by hurricanes and wildfires through 2026, and extend relief for wildfire settlement payments through 2030.

Senator Rick Scott (R-FL) has introduced new legislation aimed at providing extended tax relief to victims of federally declared natural disasters, including hurricanes and wildfires. The bill, which has a companion version being introduced in the House of Representatives by Congressman Greg Steube (R-FL), seeks to make this relief available through the end of 2026.

The proposed legislation also includes a provision specifically for victims of wildfires , extending their ability to make tax-deductible payments from settlement funds through the end of 2030. According to the senator’s office, this is a crucial element as wildfi

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