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IRS announces changes to 2024 retirement contribution limits

Published Thu, 26 Dec 2024 06:09:58 GMT

(NEXSTAR) – The Internal Revenue Service delivered good news for retirement savers Wednesday, announcing that the limit on contributions to 401(k) and other popular accounts will be higher in 2024.The IRS, citing the rising cost of living, boosted the annual individual contribution limits for 401(K), 403(b), most 457 plans and the government's Thrift Savings Plan by $500, to $23,000.People who are 50 or older can contribute another $7,500 to those plans in 2024 as part of the catch-up contribution program, which will have a limit of $30,500.These plans are typically created for employees to stash tax-deferred dollars in retirement accounts, also lowering their overall taxable income in the process.IRA plansIRA contributors will be able to invest up to $7,000 in 2024, up from $6,500, with the catch-up contribution limit for those 50 or older set at $8,000.Raising contribution limits allows savers to put aside more money to meet retirement goals, something that is especially helpful f...

Some Instagram and Facebook users can get rid of ads for $10. Would you pay?

Published Thu, 26 Dec 2024 06:09:58 GMT

(NEXSTAR) – Meta is giving users in 31 countries the option to scroll their feeds without ads – for a price, of course. Instagram and Facebook users in the European Union, plus Switzerland, Norway, Iceland and Liechtenstein, can now pay 10 euros (which is about $10.54) a month to use the platforms ad-free on a web browser. For iOS and Android mobile apps, they'll need to pay a bit more – 13 euros ($13.71). It costs more to use the apps ad-free on mobile to compensate for the cut of in-app purchases that Apple and Google take, Meta says. Are you tipping wrong at hotels? Those rates cover a person's Facebook and Instagram accounts for now. But starting in March 2024, users will need to pay an extra 6 euros to cover both on the web or 8 euros to cover both on mobile apps. Users will need to pay even more to cover additional accounts or profiles.Users 18 and older in those European countries will still have the option to use Instagram and Facebook for free with ads. Companie...

Man accused of forgery after stealing $4K, forging 'fake lease contract'

Published Thu, 26 Dec 2024 06:09:58 GMT

AUSTIN (KXAN) -- One man was accused of forgery after he forged a "fake lease contract" and stole $4,000 in early October, according to an affidavit.The victim contacted the Austin Police Department on Oct. 27, explaining the events that led up to the theft of the money he gave to an man who identified himself as Juan Vasquez, 23, court documents said.When the victim contacted APD, he said he and his friend found an advertisement on Facebook to rent a home located in northwest Austin. On Oct. 10, the victim met with Vasquez at a place he thought to be Vasquez's office, which was located near Bee Cave. Vasquez then presented the victim with a contract and said he "was an agent with Sunroom Rentals," court documents said. After they both signed the contract, Vasquez provided the victim with a copy of the contract.The victim then paid Vasquez $2,000 for a deposit for the home, according to the affidavit. After that, Vasquez told the victim he was going to change the locks so he would h...

Rural freeze expected in many areas overnight

Published Thu, 26 Dec 2024 06:09:58 GMT

AUSTIN (KXAN) -- Following only an isolated freezing temperature in creek bottoms and valleys in the Hill Country Wednesday morning, lighter winds leading to colder temperatures may mean a more widespread rural freeze Thursday morning.While a Freeze Warning is not officially in effect for most areas (except Milam and Lampasas counties), residents in colder suburbs and rural areas may consider protecting:PetsPipesPlantsPeopleA dramatic warming trend starts Thursday afternoon as winds swing around to the southeast, bringing temperatures back to the 80s for weekend plans.High temperatures will approach record-warm levels Tuesday, in the upper 80s in Austin.Daylight Saving Time comes to an end early Sunday morning, so don't forget to let your clocks "fall back" one hour. BLOG: El Niño into 2024: What that means for winter and spring BLOG: NOAA releases winter forecast Austin Interactive Weather Stats (2023) FIRST WARNING WEATHER: Stay up to date with your Central Texas forecast,...

City Council to implement rules of new state law that will likely lead to fewer parks

Published Thu, 26 Dec 2024 06:09:58 GMT

AUSTIN (KXAN) — The Austin City Council will vote Thursday to implement necessary changes to parkland dedication ordinances in order to comply with a new state law that passed last session and will go into effect in January.Previously, Austin's ordinance required developers to provide nearly 10 acres of parkland per 1,000 residents or face a fee. The new state law requires local officials to reduce that amount down to 3,000 square feet in Austin’s downtown and to three acres in suburban neighborhoods. “The bill requires Austin to make substantial changes to the current parkland ordinance to comply with state law, and there is very little room for the city’s discretion in the new ordinance language,” said Robynne Heymans, a principal planner at the Austin Parks and Recreation Department.The bill, House Bill 1526, also caps the total amount of parkland dedication for projects in Austin's city limits at 10%. The former ordinance capped parkland dedication at 15% in the urban core and h...

Austin eyes development of total eclipse plan ahead of April phenomenon

Published Thu, 26 Dec 2024 06:09:58 GMT

AUSTIN (KXAN) — Ahead of the total solar eclipse on April 8, 2024, Austin City Council will consider Thursday directing Interim Manager Jesús Garza to create a plan that covers access, safety and celebration of the natural phenomenon.The last time a total solar eclipse was visible in the area where Austin is located was in the 14th century, per city documents. The next opportunity after April 8 where it will be visible in Austin will be in the 24th century, documents added. TOTAL ECLIPSE NEWS: Planning a trip? How to view April’s total solar eclipse from a plane Under the proposed direction, Garza would work with city partners such as Visit Austin, the Austin Parks Foundation, school districts and area governments with focuses in four specific areas:Information:Create a public awareness campaign about the total solar eclipsePrepare and share basic information surrounding the total solar eclipse, including the timing of it, a map showing its path of totality and safety information ...

Picture Butte hopes RPAP will aid in physician struggles

Published Thu, 26 Dec 2024 06:09:58 GMT

By Erika MathieuSunny South NewsPicture Butte’s mayor, said the Town has, “a lot of work to do,” to get a partnership with Rural Health Professions Action Plan (RPAP) off the ground.During the Oct. 24 regular council meeting, Lynsey Robinson of the southern Alberta RPAP gave a delegation, providing information on how the RPAP program can provide resources to better equip municipalities in ongoing attraction and retention efforts for health care professionals.Funded through Ministry of Health, RPAP is given money and resources to support retaining and attracting rural health care providers, supporting health care providers through profession development, and liaising with various committees and AHS, while also providing a wide variety of programs.Robinson said she currency works with six attraction and retention committees in southern Alberta, including in Pincher Creek, Vulcan, Claresholm, Milk River, Bassano, and working to “extend that,”“We primarily deal with attraction and reten...

Poor reception frustrating for Butte residents and business community

Published Thu, 26 Dec 2024 06:09:58 GMT

By Erika MathieuSunny South NewsPoor cellphone coverage in Picture Butte continues to be an issue brought forward by frustrated residents and business owners.Council discussed the ongoing complaints from residents during the recent Oct. 23 council meeting.Coun. Feist noted, “over the last few days, people have been asking me about the cellphone coverage in town and I keep telling them to talk to their provider. More towers are needed,” and added, “that’s all they can do.”“It’s terrible all over town, people are just having issues with it all over.”Mayor Moore said, “for the cell service, Rogers is supposed to be putting out one of those boosters.”However the boosters are not slated for installation until 2024.Eva Penner, President of the Picture Butte and District Chamber of Commerce, said it remains an ongoing concern for many business owners in Picture Butte area, and the nearby town of Nobleford.“As a Chamber, we are here to advocate on behalf of our businesses and if there is no...

Accessibility projects on the go in Coaldale for 2023-25

Published Thu, 26 Dec 2024 06:09:58 GMT

By Nikki JamiesonSunny South NewsSome accessibility improvements will be coming to Town facilities in Coaldale.During their regular Oct. 23 meeting, Coaldale town council discussed recommendations from a local accessibility group.Founded in December 2020, Access Coaldale is a community group with the goal of improving accessibility within the town. They completed an audit of Town-owned buildings in 2021, identifying accessibility upgrades for infrastructure and facilities.Upgrades were ranked in terms of overall importance with consideration based on location importance, improving functionality, promoting independence, convenience versus necessity and improving health and safety.At the end of 2022, council approved the Access Coaldale – Accessibility Fund as part of the 2023-2025 Operating Projects budget.“Based on the individual ranking of each of the features listed in the audit report, and the group discussions, the following accessibility projects were proposed by the grou...

Cannabis licenses on hold may get the green light Monday

Published Thu, 26 Dec 2024 06:09:58 GMT

ALBANY, N.Y. (NEWS10) — In August, a New York Supreme Court judge's order blocked the Office of Cannabis Management (OCM) from issuing more recreational dispensary licenses. Next week, a decision in that case is expected. Cannabis roll out woes continue A lawsuit brought on by disabled veterans claimed that OCM left their group out of the first rounds of licensing.“This thing is coming to a conclusion, for sure,” said OCM Chief Equity Officer Damian Fagon. He said that a decision will be made on Monday.The judge's temporary restraining order halted almost all cannabis licensing in New York. And in order for an applicant to move forward in those processes, OCM says that decision is now left up entirely to the judge.   Heermance Memorial Library denied grant funding Cannabis law specialist Fatima Afia said that if the ruling is in favor of OCM, the injunction would be lifted. Then, the approval process can continue.  But if the ruling favors the veterans, it could spell doom ...