Friday, December 10, 2010
The early bird doesn't always get the worm. Moreover, said a consumer-finance expert in Penn State's College of Agricultural Sciences, being in a hurry to file your federal income tax forms in pursuit of a quick refund isn't always the best idea. Tax-filers eager to receive their federal income tax refund can use the services of commercial, for-profit tax preparers as early as December and thus get a jump on receiving their refunds. Robin Kuleck, consumer-finance educator and director of Penn State Cooperative Extension in Elk County, points out that using this method can have some drawbacks. (more)
Tuesday, March 09, 2010
The W-2 and 1040 forms are flying, so it must be income-tax-filing season. A Penn State Extension money-management educator says it's not too late to do something today that can make your 2009 tax filing less "taxing." Federal tax law permits people who fall within income guidelines to establish and fund an individual retirement account, or IRA, to reduce their taxable income by paying into that account. And Robin Kuleck, Penn State Cooperative Extension director in Elk County, said an often-overlooked tax provision lets you reduce your 2009 tax bill by making a contribution to your retirement fund even after the calendar year has ended. (more)
Friday, December 11, 2009
Developing new ideas to make our world more environmentally friendly will take creative imagination and out-of-the-box dreaming. Ten Penn State students have received financial support to pursue their "greenest" dreams with $5,000 scholarships from a professional football team and a pharmaceutical manufacturer. (more)
Wednesday, December 09, 2009
The holiday season and an uncertain economy have many shoppers looking at an old stand-by with new appreciation. A consumer-finance specialist in Penn State's College of Agricultural Sciences explains that the "new" option of layaway offers a useful means for purchasing big- and medium-ticket holiday gifts. (more)