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Tax News Oct 2017 - "Be Smart About Giving to Hurricane Victims"

Tax News Oct 2017 - "Be Smart About Giving to Hurricane Victims"

Tax News Oct 2017 - "Be Smart About Giving to Hurricane Victims"

Excerpt 


Be Smart About Giving to Hurricane Victims



From Texas to Florida, a large swath of the United States was recently slammed with back-to-back hurricanes, leaving flooded streets, damaged buildings and wreckage all around. Huge economic costs will be associated with these hurricanes.

Economic Impact

AccuWeather President Joel Myers believes the combined costs of the two storms could collectively cost the United States as much as $290 billion. This figure considers a broad range of factors, including business disruptions, higher unemployment, infrastructure damage, crop losses and elevated gas prices. The economic impact will extend and eventually also impact consumer spending, higher prices on items shipped out of Florida and Gulf Coast ports, manufacturing and construction backlogs, as well as tourism revenues.....



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