Tag: 100913

Craft Sale at Dunkerton School October 19

Dunkerton Community School will host its annual Craft Sale on Saturday, October 19, from 9 AM – 2 PM. There will be approximately 50 tables located in the junior high gym and commons area. Crafters from all over Iowa will participate. This is a great opportunity to get an early start on your Christmas shopping!
Lunch will be available with pizza, homemade soups, pies and much more.
Proceeds from the craft sale will go towards the educational Chicago 2015 trip, an all-school event that happens every four years.

Fall Supper, Bazaar at St. Paul Methodist Church

St. Paul United Methodist Church, 501 Sycamore St, La Porte City, will host its annual Fall Supper and Bazaar on Wednesday, October 16 from 5 to 7 PM. The public is invited to attend. The meal with consist of Swiss steak, vegetable, mashed potatoes with gravy, salad, rolls, pies, coffee and milk.
Cost of the meal is $9 for adults, $5 for children 5-11 years of age, and preschoolers eat free. Carryouts will be available.
St. Paul United Methodist Church is handicapped accessible. The Fall Supper and Bazaar offers a good meal, along with fellowship with friends and neighbors.

Fall Fest, Spooky Fun Run Set for Oct. 19

The La Porte-Dysart FFA and Union High School National Honor Society are sponsoring this year’s Fall Fest as well as the addition of a children’s Spooky Fun Run. They encourage families of all ages to attend! This year’s event is on Saturday, October 19, 2013, from 4-6 PM, located in the North parking lot of Union High School.
This year’s Fall Fest will have a petting zoo, hay fort, and pumpkins for sale from Hanson’s Farm. There will be a free will donation of either canned goods or money for the Fall Fest activities. All ages are welcome to enjoy these activities. The Spooky Fun Run is for children in grades kindergarten through fifth grades. Children in grades K-2 will run/walk a half mile around the high school track beginning at 4:15 PM and children in grades 3-5 will run/walk a one mile grass lap around the high school grounds starting at 4:30 PM. All children that pre-register will receive a Halloween goody bag. Children are encouraged to wear their Halloween costumes with a pair of good running/walking shoes. The cost for the Spooky Fun Run is either $3 or two canned goods per child. The entry fee is due upon check-in for the Run. All runners should check in at the main gate of the football field no later than 4:05 PM.
All proceeds (money and canned goods) will be put towards the Student Food Drive competition through the Northeast Iowa Food Bank. The Food Bank services approximately 200 food pantries, community meals, soup kitchens, senior centers, low-income schools and daycares, and after school programs in sixteen northeast Iowa counties. Food collected from the Student Food Drive will be channeled back into participating communities through our Member Agency Distribution Program. Want to see more information? Visit the Northeast Iowa Food Bank website at www.northeastiowafoodbank.org and watch the Student Food Drive YouTube video on their main page.

Mount Auburn Methodists Celebrate 100 Years

On Sunday, October 13, members of the Mount Auburn United Methodist Church will celebrate the 100th anniversary of their church building.
On October 12, 1913, the cornerstone of the church building was laid. A copper box, covered with paraffin wax to preserve its contents, was inserted into the cornerstone. Inside the box were several items of historical note- a copies of the Mt. Auburn Times, the Benton County Times, Northwestern Christian Advocate, Epworth Herald, a sabbath school lesson leaf for the day, a 1912 Discipline, a small bible, along with the written histories of the Ladies Aid Society and Epworth League. Also included was a list of each of the speakers, contributions and church officers.
As part of the centennial celebration, a potluck will be held at the church following the 11:15 service on October 13. Attendees are asked to bring a salad or dessert.
At 2:00 PM a program will be held, celebrating the 100 year old structure and its history in the Mount Auburn community.

Practical Money Matters – October 9, 2013

By Jason Alderman
Lower Income? Don’t Pass up the Saver’s Credit
In 2002, Congress passed legislation to create an income tax credit designed to encourage lower- and middle-income people to save money for retirement. The saver’s credit, worth up to $1,000 a year for individuals ($2,000 for couples filing jointly), rewards people for contributing to an IRA or 401(k) plan.
Regrettably, the people most likely to benefit from the saver’s credit are also those who can usually least afford to set aside money for retirement. It doesn’t help that only one-quarter of people earning less than $50,000 even know the credit exists.
But if you can squeeze a few dollars out of your budget, the saver’s credit is worth pursuing. Tax credits reduce the amount of income tax paid, dollar for dollar; so many low-income people can recoup the amount they contribute to retirement accounts by up to 50 percent through reduced taxes. And those whose employers match a portion of their 401(k) contributions reap even bigger rewards.
Another good selling point: Parents or grandparents who want to jumpstart their low-income kids’ retirement savings can fund their IRA or 401(k) contribution, thereby making them eligible for the saver’s credit even if they can’t afford to contribute on their own.
Here’s the nitty-gritty on the saver’s credit:
The saver’s credit is a “nonrefundable” tax credit, which means it reduces income taxes owed, dollar for dollar – although it won’t generate a tax refund if the credit is more than the taxes you owe.
The saver’s credit helps offset part of the amount you voluntarily contribute to an IRA or 401(k) plan. Your credit amount is based on your tax filing status, adjusted gross income and the amount you contribute to qualifying retirement programs. It can be claimed by:

Married couples filing jointly with adjusted gross income (AGI) of no more than $59,000.

Heads of households with AGI up to $44,250.

Singles (or married filing separately) with AGI up to $29,500.

The credit rate is 10 percent, 20 percent or 50 percent of the first $2,000 you contribute ($4,000 for married couples filing jointly), depending on your AGI; the lower your AGI the higher the percentage. For example:

Single filers with an AGI up to $17,500 receive a 50 percent credit on the first $2,000 they contribute (i.e., up to a $1,000 credit); 20 percent on AGI up to $19,250 ($200 credit); and 10 percent on AGI up to $29,500 ($100 credit). Anything over $29,500, you don’t qualify.

For joint filers the credit amount limits are: 50 percent on up to $35,500 AGI (50% X $4,000 = $2,000); 20 percent on up to $38,500 ($800); and 10 percent on up to $59,000 ($400).

Other eligibility rules:

You must be at least age 18.

You can’t be claimed as a dependent on someone else’s return.

You can’t have been a full-time student during any part of five calendar months in 2013.

You must contribute to a 401(k) by December 31, 2013, or to an IRA by April 15, 2014.

Important Note: You cannot claim the credit using IRS Form 1040 EZ, the form many lower-income people file. To claim it, you must submit IRS Form 8880 with Form 1040, 1040A or 1040NR. It’s a little extra bookkeeping, but could be worth the effort.
Saving money for the future is never easy, especially when you’re struggling to pay daily bills. But if you can somehow manage to take advantage of the saver’s credit now, you’ll thank yourself at retirement.


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