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Shelley L. Nadel, CFP®, ADPA®, CLTC®, LUTCF

Oct
11
New Law Gives Flood Victims Tax Breaks
The last time we “talked,” I offered recommendations on how to protect your valuable information during a natural disaster.  It’s now almost two months after Hurricane Harvey wreaked havoc on the greater Houston area, and so many of you are just starting what will likely be a long recovery process.  Today I bring you some good news from the Federal Government in the form of tax relief for all residents of the three Presidentially declared disaster areas affected by Hurricanes Harvey, Irma, and Maria, regardless if they experienced flood damage or not.  On September 29, 2017, President Trump signed House Resolution (H.R.) 3823, otherwise known as the “Disaster Tax Relief and Airport and Airway Extension Act of 2017,” into law.  This...
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