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Archive for June 2018

Teach your children money lessons using FamZoo virtual family bank

FamZoo is the perfect way to teach your kids the ins and outs of managing their own money. FamZoo is a virtual family bank — a family-friendly web application that helps parents teach children the practical skills they’ll need to thrive in the real world. There’s a huge educational gap between the piggy bank and…

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You can now use 529 plans for elementary and secondary education expenses

The tax reform act of 2017 expanded 529 education savings plans to include K-12 expenses. Beginning this year, annual withdrawals of up to $10,000 per student can be made from a 529 college savings plan account for tuition expenses in connection with enrollment at an elementary or secondary public, private, or religious school. (Home-schooling is…

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Check your tax withholding in light of tax changes

The Internal Revenue Service has released a new version of Form W-4 and a revised Withholding Calculator. These updated tools can help you check your 2018 tax withholding to determine if it’s still appropriate following passage of the Tax Cuts and Jobs Act in December 2017. The IRS urges taxpayers to use these tools to…

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