Formulas you need to know for the act

Enjoy federal tax benefits - While you can't take a deduction for contributions to the 529 plan on your federal income tax return, investment returns within the plan grow tax-free. In addition, all distributions made from the plan for qualified higher education costs are also free of federal taxation, provided they are less than or equal to the adjusted qualified education expenses. The IRS Publication 970, "Tax Benefits for Education", explains how to calculate the taxable portion of distributions. Your state may offer tax benefits, too - Many states also offer tax breaks in addition to the federal tax benefits mentioned above. The website Savingforcollege.com offers a detailed map of optional state tax plans available to you. Click on your state to discover the tax advantages being offered where you live. Easy enrollment and maintenance - Your 529 plan can provide a convenient and hassle-free way to save for college. After choosing the plan that you would like to use, complete your … [Read more...] about College Savings Plans – Why you need a 529 plan

“I have been astonished and sometimes moved to tears by the fresh details and insights I have discovered in researching this story of family conflict,” Lacey said in a press release. “It has been both enthralling and painful to trace this drama through the memories of close witnesses and some of the people most intimately involved.” … [Read more...] about Prince William, Prince Harry will need ‘space and time to breathe’ before working things out, source claims

Russia today is undoubtedly hostile toward the United States and desirous of curtailing American global influence, but it nonetheless has not thrown all caution to the wind. There is no evidence that the Russians are head-hunting in Syria, where they would have greater incentives to target Americans and greater ability to do so. Instead, they have by universal acknowledgement worked with their U.S. counterparts to deconflict Russian and American military operations there. In 2018, when U.S. forces used the deconfliction channel to warn of a looming attack by a large contingent of Russian mercenaries who were trying to dislodge the U.S. from a strategic position in Syria, Russian officials did nothing to dissuade U.S. commanders from counterattacking, and Moscow did absolutely nothing after hundreds of Russian fighters were subsequently killed and wounded. … [Read more...] about Why we need a little skepticism, and more evidence, on Russian bounties

Q: What’s the best way to find a campsite? A: If you want to camp, think about camping on national forestland, which covers 33 million acres of prime outdoor areas in the state, including parts of Lake Tahoe, Big Sur and Mount Shasta. The U.S. Forest Service has been rapidly reopening its campgrounds throughout the state. For information on what’s open and what remains closed check out the Forest Service’s interactive information portal. … [Read more...] about Here’s everything you need to know about road tripping in California this summer

3. The Difference Between A Home Warranty and Homeowner's Insurance The key difference between a home warranty and homeowner's insurance is what they cover. A home warranty plan covers wear and tear to many of the appliances and systems inside your house, while homeowner's insurance covers accidental damages to your home's structure and personal belongings due to overflow of water, theft, fire, storms, and other natural disasters. Additionally, homeowner's insurance can protect you from liability when a person is injured while on your property. … [Read more...] about 7 Things To Know About Home Warranties