ROSELAWN – It started with a garage fire.
RENSSELAER — The owner of American Melt Blown & Filtration, a Rensselaer-based filtration manufacturer, announced plans to launch a startup company focused on producing N95 masks and other…
DEMOTTE — One of the largest pork producers in Jasper County, Belstra Milling Co., has multiple farms across the county and surrounding areas.
FAIR OAKS FARMS — Three high-level executive positions at Fair Oaks Farms and Select Milk Producers have been terminated.
Surprise! The Tax Cuts and Jobs Act may cause many changes in your tax situation. Instead of enjoying a tax refund this year, you may discover that you owe Uncle Sam. Even worse, you do not have the money to pay these surprise taxes. What can you do?
The good news is that you still have options but ignoring the tax bill is NOT one of them. That will only make your situation worse in the long run as you rack up fees and penalties.
Fortunately, the IRS and Treasury Department extended the tax filing and payment deadline from April 15 to July 15, 2020, due to the COVID-19 pandemic. In the interest of safety and to curb the spread of the coronavirus, all Taxpayer Assistance Centers have been closed temporarily and face-to-face IRS services have been suspended until further notice. See the IRS Coronavirus Tax Relief page for the latest updates and stay safe.
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You have just closed on your home purchase and money is going to be tight for a while. Should you buy a home warranty to help you avoid out-of-pocket expenses or will it be a waste of money?
Before you decide if it will be worth it to you, you should understand what a home warranty really is and what it can do for you.
1. What is a Home Warranty?
A home warranty, also known as a home service contract, is a home protection plan that covers the cost of repairs or replacement of your home's critical systems and appliances when they get damaged or break down due to regular wear and tear. Many home warranty plans will typically cover:
- Major appliances, such as refrigerators, microwaves, washers, and dryers
- HVAC, central vacuum, and garbage disposal systems ...
Congratulations! You have saved for your child's education using a state 529 plan and built up a decent nest egg to send him or her off to school or college with minimal financial worries. Once a choice of school is made, you can apply the 529 funds toward the educational costs — but beware of these mistakes that parents make when first withdrawing from 529 plans.
Assuming the Process is Automatic – People are so used to the automated aspects of financial services that they expect 529 accounts to work in the same way. In the case of a 529 plan, you must request that the funds be withdrawn and direct them accordingly. Check with your 529 plan to verify the options. Typically, you can direct the funds to the school, beneficiary (student), or to the owner (parents). In all cases, you must initiate the withdrawal.
Not Correctly Assessin...
By Andrea Woroch
The first round of stimulus checks was sent out to millions of Americans across the country, with $218.4 billion paid out so far in an effort to ease the financial strain caused by the coronavirus outbreak. Although these payments provide some relief, using the money wisely is crucial in creating more financial stability.
According to a recent survey from the financial services firm IPX 1031, it appears consumers are making smart decisions with their stimulus payments so far. The study found that 29 percent of Americans plan to save this money, while another 20 percent will use it to pay their mortgage. However, the survey also found that 17 percent will pay off debt, 7 percent will pay their utility bills and another 11 percent will use it for "other" expenses. Although these seem like sensible strategies, there is a lot to consider w...
Saving for your child or grandchild's higher education is one of the most important investments you can make for his or her future. To make saving for college easier, the Qualified Tuition Program or 529 plan was created. Named after section 529 of the Internal Revenue code, it is a federal-income-tax-free savings plan to be used for qualified educational expenses. Many states throughout the country also offer their own versions of the 529 plan; those are administered by state agencies and other organizations.
Two different 529 plans available
Currently, there are two different versions of the 529 plan from which to choose:
- Prepaid tuition plans - These plans allow for the pre-purchase of tuition based on today's interest rates, with money to be disbursed when the beneficiary enters college. Prepaid tuition plans are usually managed by state organizations or by colleges and universities. The funds in prepaid tuition plans ...
From its humble beginnings in a basement in East Peoria, to becoming a multi-million dollar company with plants in numerous states and countries, Jordan Manufacturing has seen its share of cha…
The Pulaski/White Rural Telephone Cooperative (PWRTC), dba LightStream, Board of Directors are excited to announce it has named Brent Gillum to serve as CEO. Gillum will be responsible for lea…
A three-year grant from the state of Indiana is once again offering assistance to farmers in the region to help cover the cost of planting cover crops this winter.
Some businesses get started in the basement, while others might start in the garage. Wrede and Sons of Monticello got their start on a farm located on Diamond Point Road, two miles east of Mon…
Brothers Erik and Ron Kasparian formally opened a store on Kannal Avenue in Rensselaer Saturday for You’ll Never Guess, their research and development company. YNG is currently specializing in…
Mosey Down Main Street is synonymous with the lively atmosphere of downtown mixed with a business community that stays open for business whenever it’s given the chance.
The 84th Annual Purdue Farm Management Tour took place throughout Newton and Jasper Counties this week. The concluding event took place at Remington Farms on Friday. It included a panel discus…
As new owners of the dragstrip in Morocco, the US 41 Motorplex, prepare for their first full season of racing, they want to show Newton County that things will be different with them in control.
Newton County took another step closer to finalizing a multi million dollar economic project with Select Milk Producers and its affiliates (Fair Oaks Farms).
Ag Drainage Inc. (ADI) has purchased property just outside Goodland, IN at 3981 E US Highway 24, or the former Minniear Farm Equipment building.
Sufferers of regular sinus headaches and congestion can now find relief with a less-invasive, office-based procedure that sometimes requires just hours to recover.
After serving several months as interim president at Community State Bank in Brook, Brock Iseminger officially became President/CEO of the bank at the beginning of the year.