Hurricane Ike inflicted a steep penalty on the Texas Gulf coast. However, there is an inconspicuous benefit – casualty loss tax deductions. Taxpayers may be able to take a 2008 deduction if either personal or business property was damaged by Hurricane Ike.

Major Hurricane Aims For East Coast U.S. Many Cities Face Mandatory Evacuations   The Bahamas have taken a beating from Hurricane Irene as there are many reports of homes being washed away. In the U...