2021 – 08/12 Protect your financial well-being in case of a natural disaster, warns the IRS. When disaster strikes, quick access to your personal records is crucial. While there’s time, follow these tips. Review and update your emergency plan annually. Create electronic copies of documents, such as bank statements, tax returns and insurance policies, and keep them in a safe place. Take photos or a video record of valuables to assist you if you need to file a claim. Keep in mind that if you’re affected by a disaster, there may be tax relief available in the form of deductible losses on your tax return. You may also qualify for help from FEMA. Here’s more:
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