SUMMARY: Mississippi has improved the funding of its college tuition programs, with the Mississippi Prepaid Affordable College Tuition (MPACT) Legacy Plan now reaching over 100% funding after being only 72% funded in 2019. State Treasurer David McRae credits fiscal decisions and a record 27% investment return in Fiscal Year 2021 for the turnaround. The College Savings Board updated actuarial assumptions in 2020, which further strengthened the plan. The newer Horizon Plan, started in 2014, is also fully funded at 135.5%. McRae emphasizes the importance of these programs for enhancing educational opportunities and supporting economic development in Mississippi.

Read the full article

The post State treasurer: Affordable college tuition ‘Legacy Plan’ now 100% funded appeared first on www.supertalk.fm

SUMMARY: Mississippi Secretary of State Michael Watson is reminding eligible voters about absentee voting ahead of the judicial runoffs on November 26, two days before Thanksgiving. Voters who will be away on Election Day can cast absentee ballots in person or by mail if they meet specific qualifications. Circuit clerk offices will be open for absentee voting from November 16 to 23, with Saturday hours from 8 a.m. to noon. Watson emphasizes the need for voters to plan ahead, as turnout is typically low for runoffs. Voting will occur in 33 counties, with key races for the Supreme Court and Court of Appeals.

Read the full article

The post In-person absentee voting begins Saturday for Mississippi’s judicial runoffs appeared first on www.supertalk.fm

SUMMARY: The IRS announces special tax benefits for U.S. Armed Forces members and their families. Key benefits include tax-free combat pay, extensions for filing taxes for those in combat zones, and excludable Armed Forces dependency allotments. Low to moderate-income service members may qualify for the Earned Income Tax Credit (EITC), which could be up to $7,830 for 2024. Additionally, active-duty members can deduct unreimbursed relocation expenses from military orders and permanent changes of station. The IRS aims to provide comprehensive support to simplify the tax filing process for military personnel. More information is available on their website.

Read the full article

The post IRS reminds military members of tax benefits available for those in service appeared first on www.supertalk.fm