[Targeted] Signup For Venmo Debit Card & Get $50 Bonus With $500 Spend
Check your email: Get $50 back when you signup and spend $500 with the Venmo Debit Card. Others got an offer for $25
Check your email: Get $50 back when you signup and spend $500 with the Venmo Debit Card. Others got an offer for $25
Own a home? loanDepot may be the easiest way to refinance and save money on your mortgage.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
In 2014, federal legislation paved the way for states to offer ABLE accountsâtax-advantaged plans that allow individuals with disabilities to save for ongoing expenses without threatening their eligibility for crucial government support, such as Supplemental Security Income or Social Security Disability Insurance. Previously, people with disabilities had to have less than $2,000 in total assets to maintain their eligibility for such programs, which made it difficult for them to live independently.Â
As is the case with 529 college-savings accounts, ABLE accounts (the acronym stands for Achieving a Better Life Experience) grow tax-free, and the earnings arenât taxed as long as the money goes toward qualified disability expenses. The maximum annual contribution to an ABLE account rose to $16,000 on January 1. The limit, which is tied to the IRSâs gift tax exclusion, had been capped at $15,000 since 2018.Â
All but four statesâIdaho, North Dakota, South Dakota and Wisconsinâoffer ABLE programs, and if you live in a state that doesnât offer one, you can create an account offered by another state.Â
Anyone with a disability who receives disability-related benefits, such as SSI or SSDI, or who can produce a certification from a doctor that states that their disability is âmarked and severe,â can open an ABLE account, with one major caveat: The individualâs disability must have occurred prior to his or her 26th birthday. Congress is considering legislation that would extend the age of onset from 26 to 46. If enacted, the legislation would likely double the number of people who qualify for an ABLE account, says Mary Morris, chief executive of ABLEnow, an ABLE program offered by Virginia. âIt would hit a really large group of working people with disabilities and those who we think benefit most from an ABLE account,â Morris says.Â
Contributions to an ABLE account can come from anyoneâfriends, family, even strangersâas long as they donât total more than $16,000 in one year. And many states allow residents a state tax deduction for a portion of their contributions to their own stateâs plan, Morris says. Michigan, for example, allows residents who contribute to its ABLE account to deduct up to $5,000 (or $10,000 for a married couple). Minimum contributions to ABLE accounts vary from state to state, but generally theyâre low, ranging from $5 to $50.Â
If you have unused funds in a 529 college-savings account, you can roll over that money to an ABLE account. If you go this route, you can still use the money for college, but you can also use it for qualified ABLE account expenses.
The list of qualified expenses is broad and includes basic living expenses, health and wellness programs, housing, transportation and vehicle expenses, education and training, assistive technology, and even financial management.
People are now saving for homes and small business start-up costsâas well as disability-related expenses, such as an electric-powered wheelchair or scooterââanything that someone wants to, as the name suggests, achieve a better life experience,â says Tom Foley, a financial planner and executive director of the National Disability Institute. Individuals can also use these accounts to build up an emergency savings fund.
Whether you want to rack up points on a rewards credit card or give yourself some breathing room during financial hardship, you can pay your mortgage with a credit card. Youâll have to find a workaround to do so though, because mortgage companies wonât let you make payments directly with them using a credit card. […]
The post Can You Make Mortgage Payments With a Credit Card? appeared first on SoFi.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Bank of America is offering 60,000 points after $1,000 in spend within the first 90 days and $100 companion flight voucher
More investors will soon be able to add bitcoin to their 401(k) accounts. Fidelity Investments announced plans Tuesday to begin offering bitcoin as an investment option in its 401(k) retirement plans starting later this year. Itâs a big move for Fidelity, which oversees more than $2.7 trillion in 401(k) plan assets â and a significant [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
If you want to have some adult fun, Las Vegas is the place to go! But many people are looking
The post The Cheapest Neighborhoods in Las Vegas for Renters in 2022 appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.