Tuesday, June 28, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

Lost purse @ Maverick's Friday night June 24. Please return. No questions asked. Reward. 830-391-4013
*Includes FREE photo online! mywcn.com/lostandfound
More Lost & Found ads ›

Help Wanted

Maverick Grill is hiring wait staff, bus staff, line cook, and dishwasher. Apply in person Mon.-Fri. between 2-5 p.m., 6671 U.S. Hwy. 181 North, Floresville. 830-216-2712.
Experienced electrician needed. Call 210-885-4101, fax 830-393-0909, or email srallaelect@netzero.net.
More Help Wanted ads ›

Featured Videos





Video Vault ›
Richardson Chevrolet homeTNMCRE/MAX home
You’ve been granted free access to this subscribers only article.

Section A: General News


Time for some end-of-year financial planning




E-Mail this Story to a Friend
Print this Story
November 27, 2013 | 1,255 views | Post a comment

AUSTIN -- As the end of the year approaches, most people’s focus tends to shift toward the excitement of the holidays and away from the responsibilities of financial planning. The following tips can help you take advantage of those opportunities and plan responsibly for the year, and years, ahead.

Plan your charitable donations

Whether it’s the box of stuff in your garage or the old car in your driveway, making charitable donations before the end of the year can help reduce your tax liability. Make sure to document the items being donated and ask the charity of your choice for a receipt.

Talk to your financial advisor

If you own stocks or other investment instruments outside of your 401(k), now is the time to talk to your financial advisor to review your investment portfolio. By taking losses on certain investments now, you could affect your overall tax bill. Don’t have a financial advisor? Your local community bank can likely help point you in the right direction.

Dust off your family budget

Add a re-commitment to budgeting to your family checklist for the end of the year. Whether it’s reining in your family expenses or setting up an automatic deduction from your paycheck to pad your savings account, making a plan and sticking to it is the surest path to financial success.

Make an early mortgage payment

If you can make your January mortgage payment before Dec. 31, it will allow you to deduct the interest paid on your tax-year 2013 taxes, lowering your total taxable income.

Max out your IRA contributions

For 2013, the maximum you can contribute to your traditional and Roth IRAs is the smaller of $5,500 ($6,500 if you’re age 50 or older) or your taxable income for the year. While you technically have until April 15, 2014, to max out your contributions for the 2013 tax year, now is a good time to make sure you have a plan to do so.

Take full advantage of higher education tax credits

If you are currently enrolled in college or are paying for a dependent’s education, you may be eligible for the American opportunity or lifetime learning tax credit. The American opportunity credit provides up to $2,500, but is limited to use in a total of four tax years. The lifetime learning tax credit provides up to $2,000 in tax credits for qualified education expenses, including tuition, books, supplies, and equipment. Both credits provide incentives to bundle your education expenses before the end of the year to take full advantage of tax savings.

By knowing -- and taking advantage of -- a few tips that will provide various tax saving and retirement planning opportunities, you can rest assured your finances are in the best possible condition moving into 2014.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. A look at area’s reptilian past and present (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Council meets ‘the enforcer’ (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crime Stoppers celebrates 35th year (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donsbach resigns from school board (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The challenges, rewards of fatherhood (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Will the tragedy in Orlando, Fla., change anything? (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: ‘I have had enough! Will you take a stand with me?’ (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Former Ranger Whitman leads DFPS (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free entry to historic sites for military (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Indianhead Division plans national reunion (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Jehovah’s Witnesses set for July convention (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Fond memories of Floresville’s ‘fast food’ hangouts (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Let the dead rest in peace (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Recusal proper (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Floresville Convention, Tourist & Visitors Advisory Board (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Wilson County Memorial Hospital District (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Peanut issues spur Kellogg snack recall (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pipeline-security course in Beeville (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Relief from the heat (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. SISD board pays off $123K balance (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Students make dollars make sense (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tax watch (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Time Warner gets Floresville-area Internet back in action (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. USDA Housing Seminar (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. WC Republican Party plans social (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. You are self-insured (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Antonio Coy’s grave gets Texas Ranger Cross, Marker (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Attend free Elder Fraud Summit (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Burning question for Stockdale officials (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Display a kind spirit (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: floresvilleparksfoundation.com is live (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: People did ‘say something’ in Orlando, but to no avail (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FEDC will sell bond for city parks when time is right (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville closes in on parks plan implementation (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Former Texas Ranger receives long-awaited dedication (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Foundation seeks donations (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Get greenhouse-building tips from the Master Gardeners (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Giant gator causes alarm (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. GVEC to meet June 24 (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Jubilee to honor Vicki Wehmeyer (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Judge Jackson queries DA’s budget (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Crazy J Rodeo, Crouch family express gratitude (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: From the Pastor’s desk (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Property destruction … is not a civil matter (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Local EMS personnel assist flood victims in Brazoria (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lone Star Greys plan June meeting (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meet Dr. Fisher at the driving range (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: ESD No. 3 (Stockdale-based) (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Falls City ISD (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: La Vernia City Council (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Poth ISD (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Stockdale City Council (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pastor travels to promote public prayer (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth trail gets $200K Parks and Wildlife grant (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tickets, tables available for Casino Night (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Vehicle drives discussion (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. WCRP cancels July meeting (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Win a lifetime license! (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. A home of their own: Sandy Oaks preps for move (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Audit reveals conservative management (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Be smart during, after floods (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. China Grove faces ‘dog bone’ of contention (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. County jail passes inspection (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crime Stoppers reaches out, educates community (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editor: Bloggers have misconception of economic development (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: As Dems and Republicans continue internal struggles (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The great promise of socialism is something for nothing (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floodwaters strand man in tree (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Invest in Chandler (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Anti-gun hypocrites run amok on Capitol Hill (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Hurd sides with establishment politicians (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Update: Wilson County Commissioners Court (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mission supporters seek votes for grant (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. One student remains missing, second girl reported found (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sauceda earns degree in criminal justice (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sports Boosters seek new members (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Spring rains saturate area (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Guard to conduct annual training across state (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Vehicle burglars plague Nixon (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Wilson County employees ‘Walk Across Texas’ (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Adkins man faces child porn charges (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Alamo receives digital makeover (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. CDC names best mosquito repellents (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. City replaces hydrant after firefighters find it unusable (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Dollar General gives grants to libraries (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donate blood in June (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Slick college commencement speeches, toxic rhetoric (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Texas should join conversation about climate risk (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Trump’s over the hump, Sanders persists, Hillary … is a Clinton (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Eight-liner parlors remain closed (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Flag-raising event (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville council hints at replacing city appointees (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville police ramp up ‘Click It or Ticket’ program (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Fowler wins constable runoff (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free disaster training June 11 (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free senior fitness classes (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Help locate missing Floresville High School girls (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Homeowners seek fire, EMS protection (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hubbard to set high expectations for the EC football program (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Insurance for young couple (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Jobless numbers fall (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Legal aid clinics for vets (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Location change for Parkinson’s Support Group (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Floresville Electric Light & Power System (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth ISD welcomes new staff members (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Quintanilla found guilty of aggravated assault (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Second responders to meet (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Three Oaks Center meeting canceled (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Trammell to lead livestock show board (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. UIW’s new Direct Admit Health Professions Program starts this fall (June 1, 2016)