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Millennial Money: 4 ways married couples can use tax breaks to build wealth

Published Mon, 24 Feb 2025 07:06:57 GMT

“Two is better than one” is an old adage that translates to finances, too. Two incomes can go much further than one, especially between married couples.People who say “I do” also have access to various tax breaks that can give them a financial edge when it comes to building wealth. For instance, married couples filing their taxes jointly get a standard deduction of $27,700 in 2023, while single filers get a $13,850 deduction.How can married couples act on the many tax breaks they have access to and use them to build wealth? Two certified public accountants share a few strategies for couples to consider.STRATEGY 1: INVESTINGWhen married couples get a tax deduction or tax credit, there’s an opportunity to invest that extra money. There are a string of ways to invest the money, but couples could benefit from investing in themselves, says Sheneya Wilson, a CPA and founder of Fola Financial in the Bronx in New York City. Couples may choose to use their tax savings to invest in courses th...

Fatal crash closes stretch of Hwy. 401 near Pearson Airport

Published Mon, 24 Feb 2025 07:06:57 GMT

A man is dead and a stretch of Highway 401 is shut down during the Tuesday morning rush due to a serious crash near Pearson Airport.The two-vehicle collision occurred in the westbound collector lanes of the highway west of Highway 427.One person was rushed to hospital without vital signs. Ontario Provincial Police (OPP) confirm a 64-year-old man from Toronto was pronounced dead at the hospital.Police tell CityNews they believe a medical episode may have caused the crash.No other injuries were reported.The westbound 401 collector lanes are closed from the 427 to approaching Dixie Road for the crash investigation.Fatal collision: WB #Hwy401/Renforth. 64-year-old man from Toronto pronounced deceased at hospital. All WB collector lanes blocked for investigation. ^ks pic.twitter.com/dIeiMIPaVb— OPP Highway Safety Division (@OPP_HSD) October 3, 2023

Tuesday Forecast: Temps in upper 80s with sunny conditions

Published Mon, 24 Feb 2025 07:06:57 GMT

CHICAGO — Hazy sunshine and unseasonably warm Tuesday. Winds: SSW 5-10 mph. Air quality is Moderate for Chicagoland. High 88/81 lakeshore. Interactive Radar: Track showers and storms here Partly cloudy and mild tonight. Winds: SSE 0-5 mph. Low 68.Wednesday Forecast: Increasing clouds, breezy and warm. Chance of PM showers/t'storms. Winds: SSW 5-15 mph. High 83.Extended outlook calls for temps to get back towards normal around 70 on Thursday with some rain at times and perhaps an iso. t'storm. We'll enter a significantly cooler weather pattern for the end of the week and through the weekend. High temps will struggle to get to 60, overnight lows will be in the 40s and each day has a chance of isolated showers. Full forecast details and more at the WGN Weather Center blog

APD looking for two armed robbery suspects

Published Mon, 24 Feb 2025 07:06:57 GMT

AUSTIN (KXAN) – Austin Police said Monday they were looking for two men suspected of stealing from a vehicle and then shooting at the vehicle's owner. Police said the crime happened on Tuesday, Sept. 26 between 5 and 7 a.m. at Glenhill Road and Shelbourne Drive. That is in the Coronado Hills neighborhood in East Austin near US 290 and US 183. Police said the two men were stealing items from the vehicle when the owner caught them. Both men fired several gunshots at the owner before leaving the area, APD said. APD described the first man as Black with a thin build. The first suspect was last seen carrying a black backpack and wearing a light gray/dark gray hoodie and blue track pants. APD described the second man as Black with a thin build. The second suspect was last seen carrying a gray backpack and wearing a blue hoodie with white lettering and black track pants, according to police.Austin Police are looking for this man in connection with an aggravated robbery on Glenhil...

Suspect in missing 9-year-old case charged with kidnapping

Published Mon, 24 Feb 2025 07:06:57 GMT

BALLSTON SPA, N.Y. (NEWS10) -- The man accused of kidnapping Charlotte Sena was arraigned in Milton Town Court on kidnapping charges. Craig Ross Jr., 46, is currently held at the Saratoga County Jail.According to the Saratoga County Sheriff's Office, Sena was found in a cabinet inside a trailer on Monday evening. The investigation ramped up after a ransom note was discovered at the Sena family home around 4:20 a.m. A fingerprint on the ransom note matched prints from a DWI in 1999. Police located a house to search in Milton, including a trailer found on the same property. Sena was located covered up in a cabinet inside the trailer.Ross initially resisted arrest and is still being questioned on whether Sena was targeted and if he is known to the family. Sena is currently receiving medical attention and is with her family.Police are still searching the property for more clues. Ross' next court date is set for October 17.

Off the Beaten Path: Middleburgh Mercantile

Published Mon, 24 Feb 2025 07:06:57 GMT

MIDDLEBURGH, N.Y. (NEWS10) - A new gift shop in Middleburgh is showcasing handmade goods from local artisans in Schoharie County. The Middleburgh Mercantile is a labor of love for the Wissert family. Scarecrow tradition scares up fun in Schoharie County “A little bit of everything for gift giving,” said Joan Wissert, owner and member of the Middleburgh Rotary.The store is located at 310 Main Street in Middleburgh. The Middleburgh Mercantile is currently open Wednesday-Saturday from 10 a.m. to 4 p.m.

5 things to know this Tuesday, October 3

Published Mon, 24 Feb 2025 07:06:57 GMT

ALBANY, N.Y. (NEWS10) -- "On October 3, he asked me what day it was." It's October 3. Happy Tuesday! According to Meteorologist Jill Szwed, we're getting the summer weather we were promised months ago now. We could see some record-challenging warmth over the next two days. Get the latest news, weather, sports and entertainment delivered right to your inbox! 9-year-old Charlotte Sena was found safely Monday night. In a press conference, Gov. Kathy Hochul said the case began to break at 4:20 a.m. on Monday when a ransom note was found in the Sena family's mailbox, and a fingerprint match came in at 2:30 p.m. The search coming to a close, a stabbing by a patient at Saratoga Hospital, the return of the Albany Firebirds, and more, are covered in your five things to know this Tuesday morning.1. Missing 9-year-old girl found alive, suspect in custodyThe 9-year-old girl who was reported missing from Moreau Lake State Park Saturday evening has been found alive. New York State Police said&...

'National Night Out' events taking place in Missouri and Illinois today

Published Mon, 24 Feb 2025 07:06:57 GMT

ST. LOUIS - It's the annual community-building effort to promote partnerships among police and the communities.There are fun and interactive opportunities for people to come together, bring their families, and interact with police and fire departments and other community officials on Tuesday. This is the 40th year of the 'National Night Out' initiative. Various groups like the Great Rivers Greenway, the North Newstead Association, the O'Fallon Neighborhood Association, the Herbert Hoover Boys and Girls Club, the Urban League of St. Louis Save Our Sons, and others will be out for the 'Northside Night Out' event. There will be performances and college-prep student business owners.Community officials also want to share details and get feedback on the future of the brick-line greenway along North Grand. This event goes from 4:00 p.m. to 7:00 p.m.North Florissant locals can celebrate National Night Out as well. People who live in the city are invited to turn on their porch ligh...

Metro Call-A-Ride only providing trips to pre-arranged appointments today

Published Mon, 24 Feb 2025 07:06:57 GMT

ST. LOUIS - Phone and computer scheduling issues are impacting some Metro Call-A-Ride customers on Tuesday.Metro Transit says it can only provide trips to pre-arranged appointments as they work to restore the reservation and phone system. New charges for Missouri inmate who escaped Mercy South Hospital Metro Transit apologizes for the inconvenience and says it will notify customers when the system is restored.

Aldermanic committee hosting vacant property rules meeting today

Published Mon, 24 Feb 2025 07:06:57 GMT

ST. LOUIS - Another aldermanic committee considers new rules for large vacant buildings, such as the railway exchange building downtown and the former 'Famous-Barr' store.As shown to you last month, looters and squatters are back. in the area The building's owners in Florida stopped paying for on-site security. Dispute over noose outside St. Charles County home The new rules being considered Tuesday would authorize the building commissioner to use steel barriers to prevent entry. It would also allow the city to hire security services and charge the building owner for the costs.