As I write this, it is still unknown just how much damage
Hurricane Dorian is going to dish out. Suffice to say that it has already done
enough to be a sobering reminder about the power of nature and how quickly it
can affect our lives.
I say these words often when disasters strike, but it is
important every time, so continue to remember those in need. In past years we
could talk about how giving to charity was good for your tax picture, and sure,
that is no longer the case for many taxpayers, but that does not mean being
generous and compassionate has become a bad idea. Giving to those in need is
one of the best things one can do to feel good about what you’re doing with
your money. Even if it is just a small amount, it is warming to know that you
did more with your money than making a frivolous purchase.
(And really, no judgment, we all make frivolous purchases.)
The IRS is on top of this all well, as it always is. After
such disasters (no matter what form they come in), the agency gives some leeway
to those affected at least in the form of loosening of deadlines. So if you are
ever affected in such a way, keep an eye out for that so you can keep your mind
on more important matters.
I am going to keep this week’s blog shorter so that we can
simply take time to think of these more important matters. Coming off Labor Day
weekend, many of have just indulged in some pleasurable activities, celebrating
the end of summer in the presence of families and friends. We band together in
those times of happiness and let’s not forget to band together in times of
sadness. From either end, it is heartening to remember our shared humanity.
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