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.
🎓FAFSA changes for divorced households
Divorced parents may be in for a financial aid shakeup starting with the 2024-2025 FAFSA
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.