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Refunds – bank unverified

If a bank account is not verified (unverified) or the information entered is incorrect, a refund will typically be rejected by the receiving financial institution and returned to the sender. The funds do not usually disappear; instead, they enter a “limbo”...

Married Filing Separately and IRA/Roth Contributions

Married filing separately: IRA Deduction Amount and Modified AGI (MAGI) Limits for Traditional and Roth IRA Contributions For 2025, the maximum combined traditional IRA deduction or Roth contribution is $7,000 ($8,000 if age 50 or older). For taxpayers who are covered...

The Future of College

It looks like there may be changes in store for college degrees in the future.  Attendance has fallen off, mostly due to the ever-increasing tuition costs and the likelihood of not finding a position that comes close to repaying student loans let alone a lifestyle. ...

General Illiteracy

As a follow-up to my last post on Functional illiteracy today, I now address the past. General illiteracy rates in the 1930s In 1930, the US Census reported 4.3% of the population aged 10 and over as illiterate, meaning they could not read and write at all. For those...

Functionally illiterate

I was rereading “Pudd’nhead Wilson” by Twain again, I enjoyed it years ago and wanted to reread it.  There was a mention of the illiteracy of some of the populace of Dawson’s Landing MO.  So, I thought where do we stand as a people today in the US. Functional...

Shakespeare bought a pension

It almost sounds like the beginning of a joke, yet it is the truth. William Shakespeare made investments that could be considered annuities to provide him with retirement income, similar to a modern pension. Specifically, in 1604, concerned about his financial future,...

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