Page 2 - Michael Maye News Today

Commencement ceremonies to be held at Bobby Dodd Stadium on Friday and Saturday

Will student loans be forgiven? Should we keep paying? Today 9:30 PM Q. My son is currently paying down his subsidized and unsubsidized federal student loans with monthly payments, trying his best to get the loan paid off. Realizing the government deferred student loan payments under the stimulus package, should he discontinue monthly payments until we hear if the federal government would indeed move forward with loan forgiveness? And if he ultimately does pay off the balance completely, would...

Am I entitled to my husband’s pension while he’s alive? Today 9:30 PM Q. My husband and I live in New Jersey. My husband retired in 1996 from his job in New Jersey and has been collecting his pension since then to the present time. I was told that I would be entitled to 50% of his pension upon his death. Am I entitled to receive my portion of his pension while he is alive or only upon his death? — Pensioner, soon maybe A. Pensions often offer several payout options. For married couples, ...

Do I owe taxes on condo sale after my husband died? Today 9:30 PM Q. I just sold my condo with a sizable profit. My husband and I co-owned. He passed away two years ago. Do I owe just my 50% of capital gains or do I owe 100% of capital gains? I do not want to invest in another rental property. — Widow You said you don’t want to invest in another rental property. So it’s important to clarify whether the condo was personal property or business property. Personal property would be a primary...

Will N.J. tax me on older IRA withdrawals? Updated 5:30 AM; Q. We have been retired for 10 years now and are considering a move to New Jersey. Is it true that New Jersey taxes all prior IRA withdrawals when you move to the state from another state? We’re considering the move but if we have to pay a cumulative tax on prior withdrawals made while living in another state, it’s a deal buster. — Thinking about it A. Here’s what you need to know. First, New Jersey does not go back and tax in...

Can I claim my grandson to get the child tax credit? Updated 5:30 AM; Q. I’m getting Social Security disability and working 20 hours a week. My 7-year-old grandson and his mom live with me. She does not work. Can I claim my grandson on my taxes without affecting my disability so I can get the child income tax credit? I do help with his care. — Grandma If you can engage in what the Social Security Administration (SSA) calls “substantial gainful activity” (SGA), you won’t be eligible f...

Views vary on what should happen along the old East Mayo Railway Route Published: Friday, 09 April 2021 09:33 The jury remains out on whether the old East Mayo railway line will be developed as a greenway or remain intact to secure a rail service The Draft Mayo County Development Plan (2021 – 2027) closed for submissions last month (March). It received an exceptionally large volume of public submissions from people who want a greenway  - walking/cycling route - developed along the old ...

There are education credits but not for paying down student debt.

Certain accounts can have a negative impact on financial aid.

If you earn too much, you won't be eligible for the pension exclusion.