tax free return
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Seeking Info/advice on Flexible Spending Acct. for Childcare Expenses
On my federal income tax returns, I can also claim the child care credit on the rest of the money that wasn't tax-free--since I pay around $15000 in child ...
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- If you spend a lot on childcare then the FSA will probably be better than using the tax credit. The way you can figure out how much you'll save is by crunching the nu...
- I guess it depends how much you spend on childcare. I max out our flexible spending account (which is $5000, I think) and that is money that is not taxed. On my fede...
- Hi K., I asked our tax guy the same question! It's the same as claiming it on your taxes at the end of the year. Of course, it may be different if you're in a diffe...
Anyone Have Advice on Saving for Children's College? 529 Plans?
You should invest in an Educational Savings Account (ESA) before the 529 plan because the ESA will grow tax free. You can put a maximum of $2000 per year ...
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- I've been out of town and haven't read my daily mama source emails...sorry. We've been looking into college savings plans a lot lately and my brother was able to h...
- These are all good suggestions. R., I'd be interested in learning what you and yours decided on. We just had our son in December. I feel it is never to ear...
- The tax rules are changing dramatically for UGMA's with the 2008 tax year and they no longer hold the benefit they once held. Because they provided such a great loopho...
What Are the Options to save Money for Baby's Future?
I can give you any info you need for free...just shoot me a message and I will ... and you still get to control the funds. the money grows tax free and is tax- free when ... based on investment ability and flexibility and rate of return, ...
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- Take a look at this website: www.thesimpledollar.com He gives a lot of sound financial advice from his own personal viewpoint and experience. An additional bonus is ...
- If you are still looking, give me a call...I am a working mom in Austin and I am also a financial adviser. I set up 529 plans for both of my children under 2. There ...
- We went though our State Farm Agent and set up a college fund for our son hes 4 and I think its worth $7000 right now! So my suggestion would be to contact your insura...
Need Help with Tax Question for Providing Child Care.
For your tax return, you can either claim that income under your own SS# (and ... accordingly) or you can apply for a personal tax ID # (simple, free and ...
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- You are supposed to claim it but you don't have to as long as the people you are babysitting for understand then that they cannot claim the childcare. It is really not...
- Leagally you should be reporting all of you income. If the person uses you SS# you most diffenatly have to report it if you don't then you could be audited and pay pe...
- Yes, you are suppose to claim any self-employed income on your taxes. You will be taxed if you make over $600 that year. The people using your services do have a right...
Saving for Education
But the rate of return is lower than what you would get going through a regular .... This is the way it works...you put in money and it grows tax free. ...
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- A 529 plan is a real blessing, but it is meant for college or post secondary education only. This is the way it works...you put in money and it grows tax free. You c...
- Hi A., Our accountant set up 529 accounts for our kids. We contributed for one year. They continue to perform quite well. However... There will always be someone (...
- The great thing about the 529 is that you can use it for anything education related, not just college. If you decide your kid should go to a private school, you can wi...
Educational Savings for Your Child's Future
Its set up like a Roth, our money grows tax free in the account (divided into .... It has a better return rate (25% instead of 3%)than most educational ...
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- I started a Upromise account for my daughters 6 years ago. What Upromise does is give you savings toward college when you buy items from participating companies. You...
- Last year I was faced with the same problem. Not sure which plan to go with, I spoke to some of the employees at my bank. I met with an investment specialist that is...
- We went with a friend of ours who is an Investment dealer. Her name is Lana K. Caldwell-Wargo and she works for PFS Investments ###-###-####. We were looking into ed...
I Had My Tubes Tied, and Want Another Chance....
My husband and I put 5k in a CD, and plan to do the same with the tax return so that when we are ready, we can get this undone. I know he wants another too, ...
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- N., yes you can get a reversal. I would talk to your OB and they can refer you to wear you can get it done. Also you can go to the mayo website and do a search on the...
- First off I wanted to say how incredibly sorry I am for the loss of your little boy. I'm so sorry. Its totally possible to get pregnant after having your tubes tied...
- I am so sorry to hear of your son passing. I have an only child because I left her abusive dad and hate it sometimes. I won't have more children unless I find a husban...
Need Advice on Getting Out of Debt
For instance, if your contributions produced a 25% return and you take out $10000, then $8000 will be tax-free and the $2000 representing the gain will be ...
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- H., I am so sorry for all the bad luck that you and your family are having at this time. Have you checked into any of the Churches? Is there any way that you can work...
- H., Have you tried the HUD and FHA Loans, supposedly Bush has made those easier for families to get since all the foreclosures that are going on. Call a broker or...
- Hi H., I know you probably don't want to but you could try finding a job to help out a little. You could work it around your husbands schedule so you wouldn't have...
Savings for Junior
... consider is opening a 529 account to save the money for college tax free. ... place for your kid's college; it gets a much better return than the 529. ...
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- We have our daughter's money in a CD. At our Credit Union it is called a certificate plus because you can add money to it. It has a slightly lower interest rate than...
- We have our kids' money in CD's. Just shop around for the best interest rates, and don't forget to renew them when they mature. They do make money.
- I use the MN college savings plan for my children and my nephews. It's a 529 plan through TIAA Cref. The cool thing is that MN has a matching program for MN resident...
Meals That Freeze Well for Friend on Bedrest
I'd return the books and recycle the magazines. 4. Coloring books and books for her .... Next question: In Need of Some Dairy-Free, One-Dish Meal Ideas ...
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- I have always had good luck with Social or Let's Dish. You could go in on it with another friend....Then she could have a bunch of things... Otherwise Lasagna is a...
- Lentil soup is great and healthy and freezes well. Cook together: lentils, onions, garlic, celery, carrots or sweet potatoes, and vegetable broth. I also add a teaspoo...
- I freeze casseroles every month. The ones that freeze best are with noodles or biscuits on top. Or since she is a vegetarian meatloaf and potatoes might be a good op...
