Word: hoping
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Dates: during 2000-2009
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...lost $8,000, you'll get a $6,000 write-off at most. Perhaps most important, you can't claim any 529 losses under the alternative minimum tax, or AMT (my husband and I were subject to the AMT this year, so that put the kibosh on the hope of a tax break for us). "The tax treatment is not ideal," says Mark Luscombe, principal tax analyst at CCH. "And it's easy to mess it up." (For a complete rundown of the rules, see IRS Publication...
...better off cashing in and parking the money in an online savings account or money market fund. Finally, if you have other resources to cover college costs for the next couple of years, says Levin, your best option may be to leave the 529 untouched and hope to make up some of the losses. After all, Levin notes, "You'll see growth in the account again. You just don't exactly know when...
...colleges has jumped 10% over this time last year, with the biggest growth (12%) in students ages 21 to 35 and an 8% spike in students over age 36. Many of those folks are workers displaced by the recession, whose tuition is being paid by a statewide program called HOPE (for Helping Outstanding Pupils Educationally) and who are drawing unemployment benefits to pay the bills while they attend school...
...silver lining for Georgia taxpayers? HOPE doesn't cost them a dime. The program, which has shelled out $4.4 billion in tuition money since its inception in 1994, is entirely funded by the Georgia State Lottery...
...same time, if Chávez and other Latin leftists want Obama to read Galeano, they in turn should read Obama. In his own books, like The Audacity of Hope, Obama lays out the common-sense, post-ideological political philosophy that has led to the U.S. shift on Latin America that so many in the region are now applauding. It's something Latin America's yanqui-bashers, if they want to keep receiving applause from Latin voters themselves, should keep in mind...