Education savings plans have always been a great way to provide for future education expenses. NOW (starting in 2024) the balance of the Ohio 529 Plan will NOT count towards education assistance. The FAFSA form per student has been revamped and the above information is not addressed or reported. Grandparent-owned 529 accounts will not affect […]
Archive for taxes
BEWARE OF 2023 TAX CHANGES NOW – PLAN AHEAD – GET ORGANIZED
If you have sold anything valued over $600. in 2023 using payment transactions such as credit cards, Pay Pal and/or Venmo, you will be getting a FORM 1099-K from the service at year end. […]
TAX UPDATES FOR 2022
There will be several changes when filing your 2022 taxes. Some of the changes will increase your taxes due for 2022. If you received a refund last year, you may not receive one this year due to the following taxing updates: The child tax credit is $2,000. for a qualifying child. It was $3,600. in […]
INVESTMENT OPPORTUNITY?? “I” BONDS
Did you know that you can invest up to $10,000. individually annually at the current rate of 9.65%? This rate has been established thru October 2022. The bonds have an annual rate consisting of a fixed rate and a semi-annual inflation rate. These funds are a low risk savings product that earn interest and are […]