Withdrawals from 529 plans are not taxed at the federal and state level as long as you follow all the rules for qualifying expenses. When the 529 plan funds are used to pay for qualified education expenses, you should receive Form 1099-Q and Form 1098-T which will list the amount of the 529 plan distribution and how much was used to pay for college tuition and fees. You’ll have to report these form to the IRS.
Both 529 plans and Coverdell Education Savings Account (ESA) are college saving plans with tax benefits. They can be used to help pay for education costs. However, there are a few important distinctions such as contribution amounts, contribution restrictions, and investment options.
Contribution amounts. Unlike a 529 plan where a donor can contribute up to the gift tax exemption amount without having to file tax paperwork ($10,000 in 2021 for an individual and $20,000 for a married couple in Illinois), a Coverdell ESA limits the total amount contributed for any one beneficiary to $2,000 per year.
Contribution restrictions. With a 529 plan, there are no income level restrictions for contributions while a Coverdell ESA, if your adjusted gross income exceeds $110,000 for an individual, or $220,000 for a married couple filing a joint return, you’re not eligible to use a Coverdell at all.
Investment flexibility. With a Coverdell ESA, you can pick specific investments you like while a 529 plan is limited to the investments that the state-sponsored plan offers.
Tuition vs Expenses. A 529 plan, when used for elementary and secondary schools only, is limited to tuition, while a Coverdell ESA can pay for elementary or secondary school tuition and expenses as well.
Tax Benefits. Both 529 savings plans and Coverdell ESAs are after-tax accounts. However, for a 529 plan, many states do offer a current-year state tax deduction for contributions.
Free Application for Federal Student Aid (FAFSA) is the low-interest loans U.S. Department of Education offers to eligible students for covering the cost of college or career school. FAFSA provides eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans.
Direct Subsidized Loans are available to undergraduate students with financial need while Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. In general, Direct Subsidized Loans have slightly better terms to help out students with financial need because the U.S. Department of Education pays the interest on a Direct Subsidized Loan for the first six months after you leave school.
The interest rates for Direct Subsidized Loans and Direct Unsubsidized Loans first disbursed on or after July 1, 2021 and before July 1, 2022 are shown in the chart below.
The US Government also offer Parent PLUS Loan which is a federal, non-need-based loan that is borrowed by a parent for a dependent student. Loan repayment begins 60 days following the full disbursement of the loan.
Undergraduate Borrowers
Graduate or Professional Borrowers
3.73%
5.28%
Direct Subsidized Loans and Direct Unsubsidized Loans
Situation: When open an image, you may receive this error: Could not complete your request because there isn’t enough room to dock it on this monitor.
Troubleshooting: 1. Close all tools and then try it.
2. Close Photoshop and re-open it without image. Go to Photoshop preferences, Reset Preference.
3. Add more RAM to the computer.
4. I get this error if the PS window is maximized. If I open anything with PS not maximized then it will open.
5. You have moved Options Bar to other location that is causing the same bug. Another example, if you have two monitor keep all things in the same monitor. Photoshop CC prefers to be on my main screen
Trusted places is an option of Smart Lock, which allows you to unlock your Android device when you are in a specified location. This article shows how to enable Trusted Places and troubleshoot possible issues.
To enable Trusted places, tap Settings icon
In the Settings, tap Security.
Tap Smart Lock
In Smart Lock, tap Trusted places
Tap Add trusted place
Tap the location you want to add to the Smart Lock, Chicagotech.net – PC Mobile Service in our example.
Tap OK to confirm the selection
Now, you should have
Chicagotech.net – PC Mobile Service as a trusted place and the device should
keep unlock when you are in this place.
However, Trusted places may not
work. Here are some resolutions:
Resolution 1: Make sure
Location/GPS is enabled
Resolution 2: Make Sure Your
Location Is Updated
Resolution 3: Turn on google
Location Accuracy
Resolution 4: Disable Other Devices
Under Google Location Reporting
Resolution 5: Make Sure Play
Services Has Location Permission
Resolution 6: Accurate the location
by choosing four corners
Resolution 7: Clear location
history
Resolution 1: Make sure Location/GPS is enabled.
•Go to Settings>Location.
•Make sure the Use location is turn on.
Resolution 2: Make Sure Your Location Is Updated
•Go to Google Map
•Tap the compass that should update your location
Alternatively, tap your profit
picture on the upper-right corner.
Tap Settings
Tap Home settings 3 dots.
Edit home location
Resolution 3: Turn on google Location Accuracy
•Go to Settings>Location
•Tap Advanced
Tap on google Location Accuracy
Make sure Google Location Accuracy
is on
Resolution 4: Disable Other Devices
Under Google Location Reporting
If you have another Android device,
location data from the other device could be interfering with Trusted Places.
To fix this problem, go to Settings>Security>Location>Advanced
Tap Google Location History
Make sure only your current device
is enabled
Resolution 5: Make Sure Play
Services Has Location Permission
Go to Settings>Apps &
notifications
Tap Google Play Services
Tap Permissions
Tap Location
Make sure the Location is on
Resolution 6: Accurate the location by choosing four corners
•Open the Google Map and zoom in as much as you can.
•Now carefully drop the first pin at the East end of your house. Repeat this process for North, South, and West end too.
This is more accurate location
Resolution 7: Clear location history
•On your Android device, open the Google Maps app Maps.
•Tap your profile picture or initial Account Circle and then Your Timeline
* Tap Manage settings
* Under Location settings, you have
options to Delete all Location History, Delete Location History rang
Most smart watches are managed by Phone. In this article, we use HalfSun Watch as example to manage Smart Watch on Android phone.
1. To manage the Smart Watch, we need to download and install a Bluetooth app such as H Band on your Phone.
2. In the Android Phone, go to Settings.
3. Tap on Connected Devices. Connect the HalfSun Device in our example.
Or Open H Band and make sure it is connecting Phone Bluetooth.
4. In the Dashboard of the H Band, you have these information: steps and hours; Sport, Sleep, Heart rate, Blood pressure.
If you tap on Mine, you have My Device, Help, Goal settings and More such as Unit settings, Change theme, About us, and Third-party platform. You can also have an option to Log out here.
If you tap Android person icon, You can set your Profile.
If you tap on the device icon, You have device information and settings such as Message notification, Alarm Settings, Sedentary setting, Heart rate alert, Turn wrist detection, pair device, BP private mode, screen-On time, Switch setting, Brightness adjustment, Take photo, Countdown timer, Reset device password, Settings of main interface style, Firmware upgrade, Lear Data, Reset, and Disconnect. If you tap on Switch setting, You have these options: Wear detection, HR automatic monitoring, BP automatic monitoring, Find phone, Stopwatch feature, and Discount alert.
If you tap on Sedentary setting, You can setup sedentary Start time, Stop time, and Reminder Interval.
On the Dashboard, if you tap More, you have 3 icons, Manual heart rate test.
Tap start icon to manual check the heart rate.
Manual heart rate test will continue and shows the result.
If you tap on BP (Blood Pressure) test icon, You can test blood pressure.
You have an option to save the result.
Finally, on the bottom of the Dashboard, you have an option to manage module.
You can enable or disable Sport, Sleep, Heart Rate and Blood pressure.
