College and Taxes seem to be on everyone’s mind this time of year so I figured I’d share a few articles on both topics worth checking out:
From Around the Web:
- If you have kids heading into college in September you’ll need to file a FAFSA. It can be a confusing form, particularly if it is your first time filling out. Here are answers to the 10 most common FAFSA questions according to Money Magazine: http://time.com/money/4194417/fafsa-faqs-college-aid-questions/
- Do you have kids and haven’t saved for college yet? Not sure you want to open a 529 Plan? Here are 4 Alternative Ways to Save for College, including the pros and cons for each option: http://time.com/money/4196687/alternative-college-savings-529/
- Are your kids graduating college this year? It’s time for them to get out and look for a job! Take a look at this list. CareerBuilder ranked the 10 fields where demand is greatest in 2016 (spoiler alert: Registered Nurses claimed the top spot): http://fortune.com/2015/12/28/the-hottest-jobs-of-2016/
- Glassdoor released another list ranking the 25 best jobs for 2016. Their list is based on salary, career prospects, and number of openings. There is some overlap with CareerBuilder’s list except they grant the #1 ranking to “Data Scientist”: http://fortune.com/2016/01/19/glassdoor-best-jobs/
- Tax Season = Fraud Season. I can’t stress enough how it important it is to watch out for these scams. They seem to pop up every year and people continue to fall for them despite all the media coverage and warnings. So, do yourself a favor and read this article if it’s the only one you read from my picks: http://www.marketwatch.com/story/4-tax-scams-to-watch-out-for-2016-02-02
- Are you retired? Here’s a great list Steven Stern, CPA, CGMA shared with me outlining 9 IRS audit red flags specifically for retirees: http://m.kiplinger.com/slideshow/retirement/T056-S011-irs-audit-red-flags-for-retirees/index.html?rid=EML
- My final bit of info to share isn’t actually an article but a link to Weiss, Orro, & Stern’s FREE Year-End Tax checklist. Use this handy checklist to make sure you’ve gathered all the documents you need for your tax preparer: https://d1sh7ow6wurp05.cloudfront.net/Weiss_YearEndTaxChecklist.1449071973942.pdf
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Mahopac Money 