The IRS warns that although scams are especially prevalent during tax season, they also take place throughout the year.1 As a result, it's important to always be on the lookout for suspicious activity so that you don't end up becoming the victim of a scam. One of the more common IRS scams involves phishing [...]
College students and parents deserve all the help they can get when paying for college or repaying student loans. If you're in this situation, here are three federal tax benefits that might help put a few more dollars back in your pocket. American Opportunity Credit The American Opportunity tax [...]
If you are age 50 or older and still working, you have a valuable opportunity to super-charge your retirement savings while managing your income tax liability. Catch-up contributions offer the chance to invest amounts over and above the standard annual limits in IRAs and workplace retirement plans. 2023 Limits In 2023, [...]
The arrival of spring is always a good time to dust off the cobwebs that have built up in your home during the winter. It's also a good time to clean out and organize your financial records so you can quickly locate something if you need it. Keep Only What You Need [...]
With stock and bond markets both faltering over the past year, it's easy to see why more near-retirees have a newfound appreciation for fixed annuities — insurance contracts that guarantee a specified rate of return. A fixed annuity maintains its value regardless of market conditions, and yields on these products have risen in response [...]
To help improve your financial situation, you might consider reducing your debt. Before starting any debt payoff strategy (or combination of strategies), be sure you understand the terms of your debts, including interest rates, payment requirements, and any prepayment or other penalties. Start with Understanding Minimum Payments You are generally required to [...]
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2023. Estate, Gift, and Generation-Skipping Transfer Tax The annual gift tax exclusion (and annual generation-skipping transfer tax exclusion) for [...]
Widget Financial Welcomes Lake Erie Community FCU Members Widget Financial is honored to welcome members of the Lake Erie Community FCU to their Credit Union family. On November 1, 2022 the two Credit Unions merged their membership providing members in Girard and Lake City with increased access to expanded products and services. “We [...]
In 2020, 31% of U.S. workers with employer-sponsored health insurance had a high-deductible health plan (HDHP), up from 24% in2015.1These plans are also available outside the workplace through private insurers and the Health Insurance Marketplace. […]
Like everything else, the pandemic greatly impacted driving habits. Workers who once had long commutes and drove to work every day suddenly found themselves working remotely. […]
Phone: (814) 456-6231
Fax: (814) 580-9722
Contact Us
Important Numbers
Locations
Find a rewarding career serving our wonderful members
