Monday July 28, 2014
News
Your Family Letter - Memorial Services
A family letter is a key part of a good estate plan. It is much more personal than many of your estate documents. A family letter allows you to share your heart and show appreciation and gratitude to...MORE
Low-Cost and Free Cell Phone Options for Seniors
What are the cheapest cell phone options available today to seniors living on a shoestring budget? I only need it for occasional calls.
For seniors on a budget who only want a cell phone for...MORE
House Passes Single Higher Education Credit
With a vote of 227-187, the House passed the Student and Family Tax Simplification Act (H.R. 3393). The bill proposes to combine all of the higher education tax credits into a single credit. It was co-sponsored by Rep. Diane Black (R-TN) and Rep. Danny K. Davis (D-IL).
The single credit in the bill replaces the existing above-the-line tuition deduction, the HOPE credit, the lifetime learning credit and the American Opportunity Tax Credit. The single credit has a limit of $2,500 per year for up to four years with a total benefit of $10,000.
The bill creates a modified American Opportunity Tax Credit for...MORE
