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Earthquakes, hurricanes and wildfires: no escaping disasters, but tax help possible

August 23, 2011

What the heck is up Mother Nature? I know we humans are an annoying bunch, but do you really have to keep whacking us?

In less than 24 hours, strong earthquakes have rattled the East Coast and the Rocky Mountains region.

The 5.3 temblor that shook Colorado Monday night was the strongest recorded there in more than a century. It also was felt by residents of Kansas and New Mexico.

Then this afternoon, a 5.9 quake centered in Virginia prompted evacuation of buildings in the nation’s capital and shook folks from North Carolina to New Hampshire. It was the strongest quake Virginia’s recorded since 1897. Even the vacationing prez felt it while on a Martha’s Vineyard golf course.

Meanwhile, Hurriance Irene is still churning toward the Eastern Seaboard. Weather watchers say if Irene stays over water a while, she could work herself up to a Category 4 storm.

And the heat and drought are making much of my home state a tinderbox, with wildfires erupting across Texas from the tiniest sparks.

All these situations underscore the hard reality that there’s no escaping disasters.

But you can prepare.

I’m not going to reinvent the wheel here. Instead, here are some links to some of my previous posts on preparing for disasters, as well as some other stories that might be of use and interest:

Manmade disasters count, too: And remember, it’s not just natural disasters that we have to worry about. The tax code could be of help for a variety of unforeseen calamities, such as vandalism, burglaries and thefts and even some auto accidents.

That was the case for some of my neighbors, whose house (pictured below) was plowed into by a driver who lost control coming down one of our community’s hills.

House in my neighborhood hit by auto. (Photo by Kay Bell)

I can only imagine how fast the vehicle was going to jump the curb, take out some trees and shrubs, mow down the wrought iron fence and then take out most of the structure’s corner, first and second floors.

That definitely was unforeseen and probably felt like an earthquake, too.

The bottom line, be ready for things you can anticipate and even those you can’t.

Depending on which part of the country you live, that could be tornadoes, hurricanes, snow and ice storms, wildfires, floods, earthquakes or, for some folks, a combination. And bad drivers are nationwide.

But when the mayhem finally subsides, don’t forget about asking Uncle Sam for some help.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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