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Money Talks: Mark Your Calendar

Mark your calendars folks – there are some important dates coming up: heath care enrollment dates, retirement contribution dates. All of these dates might have an impact on your personal finances.


DEADLINE October 31st, 2022 Public Service Loan Forgiveness - The White House

If you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, for a limited time, it is easier than ever to receive that forgiveness, or get credit toward forgiveness, if you have not yet served 10 years.  


October 1st - The Free Application for Federal Student Aid open for the 2023-2024 school year application period opens

https://studentaid.gov/sites/default/files/2023-24-fafsa.pdf

https://studentaid.gov/apply-for-aid/fafsa/filling-out

  • 10/26/2016 Paying for College
  • 10/10/2017 Paying for College
  • 8/28/2018 Money Talks: Student Loans
  • 01/8/2019 Money Talks: Get 2 College


October 15th Medicare Open Enrollment begins October 15 — and will remain open through December 7, 2022 Website

Medicare.gov

11/28/2017 Medicare Coverage Comparison

10/15/2019 Money Talks: Medicare


entire month of October - Open enrollment period

https://www.kff.org/faqs/faqs-health-insurance-marketplace-and-the-aca/when-can-i-enroll-in-my-employer-health-plan/ 


November 1st - 2023 Open Enrollment to purchase health care from The Marketplace runs from November 1 through January 15, 2023

https://www.healthcare.gov/quick-guide/dates-and-deadlines/ 


January 17, 2023 - last date to pay estimated tax payments to the IRS.

https://www.irs.gov/newsroom/what-taxpayers-need-to-know-about-making-2022-estimated-tax-payments


Tuesday, April 18th, 2023 - The annual contribution limit for Roth IRAs in 2022 is $6,000 ($7,000 if you're over 50), or your total earned income if it's less than that amount. This is set to increase to $6,500 and $7,500, respectively, in 2023.

https://www.nasdaq.com/articles/4-roth-ira-mistakes-you-dont-want-to-make

https://www.usbank.com/retirement-planning/financial-perspectives/benefits-of-an-ira.html


More Episodes

1/10/2023

Money Talks: 2023 Number

Happy New Year! Welcome to 2023. We’ll talk today about information you might need for this new year. We learn about new tax amounts; ways to save money, ways to get back lost money, and ways to win money. Our experts take questions concerning personal finance.2023$66,000 - Defined contribution plan (401k, 403b) total limit per participant $66,000 - SEP IRA contribution limit $22,500 - 401k, 403b, 457 contribution limit (Salary deferrals)$7,500 - 401k, 403b, 457 catch up$6,500 - IRA contribution limit$1,000 - IRA catch up $15,500 - SIMPLE IRA contribution limit$3,500 - SIMPLE IRA catch up$27,700 - Standard deduction (MFJ)$20,800 - Standard deduction (Head of Household)$13,850 - Standard deduction (Single, MFS)$44,625 - Taxable income limit for 0% long-term capital gains (single)$89,250 - Taxable income limit for 0% long-term capital gains (MFJ)$17,000 - Gift tax exclusion $Unlimited - Brokerage account contribution limit$160,200 - Social security wage base (No longer pay social security tax after this)The amount of your taxable Social Security benefits depends on your combined income or the sum of:50% of all your Social Security benefits for the yearThe adjusted gross income (AGI), which is your total income minus adjustments to that income, such as deductions and exclusionsTax-exempt interest income, such as interest received on municipal bondsUnearned / Earned incomeStrategies for minimizing taxesRegistration is now open for the 10th Annual College Savings Mississippi Art Contest. The contest will run from January 1 through February 28. Students from across Mississippi will be competing for over $3,000 in Mississippi Affordable College Savings (MACS) scholarships by submitting an original piece of art based on the theme, “What do you want to be when you grow up?” https://treasury.ms.gov/artcontest/The weather and other operational delays and cancelations that occurred at the end of December and the beginning of January show the importance of knowing your rights and keeping receipts. Southwest airlines has a website where you can make claims due to flight cancellations. We’ll have a link to their website and also the US Department of Transportation’s website where you can learn more about your customer rights. https://www.southwest.com/traveldisruption/ https://www.transportation.gov/airconsumer/airline-customer-service-dashboard  The United States Postal Service filed notice of Mailing Services price changes to take effect January 22, 2023. The new rates include a three-cent increase in the price of a First-Class Mail® Forever stamp from 60 cents to 63 cents. https://faq.usps.com/s/article/2023-Postage-Price-Changes