FAFSA CHANGES to IMPACT DIVORCED PARENTS
Just like current FAFSA rules, the new FAFSA will still use information from the “prior, prior” year. This means if you are divorced or separated, you need to start planning two years prior, rather than one year prior to the FAFSA award year. For example, the 2023-24 FAFSA will use 2021 tax return information. The 2024-25 FAFSA will use 2022 tax return information. FAFSA SIMPLIFICATION ACT CHANGES
5 ways to go green: Everyone can make a difference
Throughout America, millions of tons of food and organic scraps are buried in landfills or burned in incinerators every year. At the same time, millions of acres of rich soil are being depleted by intensive farming.
Should you make any gifts before year end?
If you sold those shares, you could be subject to long term capital gains taxes on the $9,000 gain. If you were in the 20% capital gains bracket, that would cost you $1,800 in taxes plus a potential additional 3.8% tax in certain tax brackets.
How Divorce May Impact College Funding
If you and your partner are contemplating divorce and have children, you may be surprised to learn that college funding might be required as part of your divorce settlement.
Don’t make the holidays a gift to hackers
You’re at the coffee shop waiting to meet a friend or family member. So, while you’re waiting you decide to check your bank and investment account balances. This is not a good idea. Public Wi-Fi networks—whether you are at the mall, library, a restaurant or a bar— typically are not secure. That means that any information you are looking at on your phone or laptop could be intercepted and viewed by someone else. Save your financial check ins for when you are on a known, secured network such as at home or work.