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Hurricane season heats up again as Rafael heads to the Gulf

November 5, 2024
Tropical Storm Rafael_ 05November2024_NOAA infared satellite-1

Infrared satellite view of Hurricane Storm Rafael on late afternoon Nov. 5, 2024, (Image via National Oceanic and Atmospheric Administration)

I apologize to all who live along the Gulf Coast. When I mentioned in the ol' blog's November tax moves column there to the right that we'd already hit the range of hurricanes predicted this year by Uncle Sam's forecasters, it crossed my mind I might jinx things.

Not that I think I have that kind of power, but just days later Tropical Storm Rafael formed. This evening, he strengthened to Hurricane Rafael, so make of it what you will.

Also get ready for a Rafael landfall, probably in the middle of the Gulf of Mexico coast.

Moving northwest: Hurricane Rafael currently is south of Cuba, where hurricane warnings have been issued for the eastern portion of that island nation.

Rafael is expected to move into the Gulf of Mexico, and the National Hurricane Center (NHC) has issued hurricane warnings for the Florida Keys, which could feel effects, including tornadoes, from the storm’s outer bands.

Right now, it looks like Louisiana is the prime target. But that possibility is still days away. As weather professionals and storm watchers know, things can, and often do, change.

Tropical Storm Rafael five-day cone as of Tuesday Nov 5 2024

Storm prep time: So, if you live along the Gulf Coast and haven’t yet made your storm preparations, do so now. My post before the 2024 hurricane season officially began on June 1 has some suggestions on how to accomplish that, as well as information on alert systems that can help ensure you get the latest storm updates.

In addition, below are some blog posts and other items to help you prepare for and deal with any major disaster.

The main thing always is to ensure your and your family’s safety. Keep an eye on storm reports, and if Rafael’s landfall is in your area, be ready.

When Hurricane Rafael does come ashore, check back for Federal Emergency Management Agency (FEMA) and IRS relief news.

 

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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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TAX-SAVVY WAYS 
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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