Recent Legislation - 360 Degrees of Financial Literacy http://www.360financialliteracy.org/Topics/Recent-Legislation en-US Married Filing Jointly or Separately? The Choice Is Yours http://www.360financialliteracy.org/Topics/Taxes/Paying-Taxes/Married-Filing-Jointly-or-Separately-The-Choice-Is-Yours http://www.360financialliteracy.org/Topics/Taxes/Paying-Taxes/Married-Filing-Jointly-or-Separately-The-Choice-Is-Yours Read More »

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Wed, 19 Feb 2014 15:39:17 EST
Filing Your 2013 Federal Income Tax Return http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Filing-Your-2013-Federal-Income-Tax-Return http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Filing-Your-2013-Federal-Income-Tax-Return For most people, the due date for filing a 2013 federal income tax return is April 15, 2014. Here are a few things to keep in mind this filing season.

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Wed, 19 Feb 2014 15:30:16 EST
The Impact of Health Care Costs on Social Security http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/The-Impact-of-Health-Care-Costs-on-Social-Security http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/The-Impact-of-Health-Care-Costs-on-Social-Security For many retirees and their families, Social Security provides a dependable source of income. In fact, for the majority of retirees, Social Security accounts for at least half of their income (Source: Fast Facts & Figures About Social Security, 2013). However, more of that income is being spent on health-related costs each year, leaving less available for other retirement expenses.

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Thu, 16 Jan 2014 14:46:30 EST
Rules Eased for Health FSAs http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Rules-Eased-for-Health-FSAs http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Rules-Eased-for-Health-FSAs Recent changes announced by the Internal Revenue Service (IRS) modify the "use-it-or-lose-it" rule that applies to health flexible spending arrangements (FSAs). Plan sponsors will now have the option of allowing participants in health FSAs to carry over up to $500 of unused funds in a health FSA to the following plan year.

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Thu, 09 Jan 2014 14:37:22 EST
2013 Year-End Tax Planning Considerations http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/2013-Year-End-Tax-Planning-Considerations http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/2013-Year-End-Tax-Planning-Considerations As the end of the 2013 tax year approaches, set aside some time to evaluate your situation. Here are some things to keep in mind as you consider potential year-end tax moves.

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Wed, 13 Nov 2013 17:50:11 EST
What You Need to Know about the Health Care Law http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/What-You-Need-to-Know-about-the-Health-Care-Law http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/What-You-Need-to-Know-about-the-Health-Care-Law Are you covered? The Affordable Care Act, otherwise referred to as health care reform, requires those who are uninsured to get health insurance. While the start dates of some key programs have been postponed, enrollment in health insurance programs is expected to begin this fall and several other key provisions of the act are becoming effective in the new year. Here are some insights and advice to help you understand what these changes mean.  

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Wed, 16 Oct 2013 13:46:02 EDT
Will interest rates rise this year? http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/Will-interest-rates-rise-this-year http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/Will-interest-rates-rise-this-year The Fed hasn't yet raised its target interest rate from less than 0.25%, and it has promised not to do so before unemployment reaches roughly 6.5%, which it doesn't expect to happen until next year. However, some interest rates have already begun to go up. 

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Wed, 16 Oct 2013 12:00:26 EDT
Is College Debt the Next Bubble? http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/Is-College-Debt-the-Next-Bubble http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/Is-College-Debt-the-Next-Bubble What might a 23-year-old recent college graduate, a 45-year-old entrepreneur, and a 60-year-old pre-retiree have in common financially? They may all be hobbled by student loan debt. According to financial aid expert Mark Kantrowitz, the student loan "debt clock" reached the $1 trillion milestone last year.1 And even as Americans have reduced their credit card debt over the past few years, student loan debt has continued to climb--both for students and for parents borrowing on their behalf.

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Tue, 17 Sep 2013 11:20:32 EDT
New Interest Rates on Federal Student Loans—Again http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/New-Interest-Rates-on-Federal-Student-Loans-Again http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/New-Interest-Rates-on-Federal-Student-Loans-Again On August 9, 2013, President Obama signed the Bipartisan Student Loan Certainty Act of 2013, which changes the formula for determining federal student loan interest rates. The law comes after months of partisan bickering and uncertainty in the student loan arena, which culminated with the rate on subsidized Stafford Loans doubling to 6.8% on July 1.

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Wed, 21 Aug 2013 17:26:40 EDT
Financial Planning for Same-Sex Couples after the DOMA Decision http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/Financial-Planning-for-Same-Sex-Couples-after-the-DOMA-Decision http://www.360financialliteracy.org/Topics/Recent-Legislation/Financial-Reform/Financial-Planning-for-Same-Sex-Couples-after-the-DOMA-Decision In June, 2013, the U.S. Supreme Court declared Section 3 of the Defense of Marriage Act unconstitutional, a decision that has sweeping financial implications for same-sex couples who were married in states that recognize same-sex marriage. Couples should consider both the immediate and long-term impact of the ruling. Here are some of the questions to ask. 

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Wed, 14 Aug 2013 15:48:46 EDT