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Category: Penny Forward
Welcome to Penny Forward, a nonprofit organization founded and led by blind people. We empower each other to confidently navigate the complicated landscape of personal finance. We offer self-paced online financial education courses, weekly and monthly personal finance workshops, and one to one financial counseling provided by blind financial counselors.
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Wednesday Workshop: Ways to Track Your Spending
Ways to Track Your Spending Making a budget is a great way to find opportunities to cut spending and save more in the new year, but what if you don’t know how much you should be spending? Before you begin budgeting, we recommend that you track your spending so you understand where your money is…
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Financial Sense¢: ABLE Accounts Q/A
Topic Last month Congress passed an omnibus spending bill that, among other things, increased the eligibility age for ABLE accounts from 26 to 46. This makes many more blind or disabled Americans eligible to open an ABLE account. This month we’ll be answering your questions about ABLE accounts. Chris Peterson has been an ABLE account…
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Wednesday Workshop: ABLE Accounts, Where to Find Out More
ABLE Accounts, Where to Find Out More… During last week’s Members-only Group Chat, the topic of Able accounts was casually mentioned. In expanding upon this topic further, this week, we took an in-depth look at how to research different Able account options and the process to sign up for an account. We also left time…
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Podcast: Money Moves to Kick Off 2023
This week Chris, Liz, and MOe discuss some of the moves they are making with their finance’s to kick off the year right. They discuss getting credit reports, signing up for ABLE Accounts, looking to retirement, and other ways you can lower some bills. pennyforward.compennyforward@pennyforward.com Clubhouse House Facebook Youtube Get our app, guest membership is…
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Description Of A Braille Credit Report
In our January 8th, 2023, members only group chat, I demonstrated the process for ordering a Braille credit report from the automated telephone system at 1 (877) 332-8228. Large print and audio versions of your credit reports are also available using this system. It took about five days, including Saturday and Sunday, to receive the…
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Penny Forward Founder Chris Peterson Featured On USAToday.com about ABLE Accounts
ABLE accounts are tax-advantaged savings accounts for people with disabilities. The money saved in ABLE accounts can be spent on qualified disability expenses. Most importantly, having an ABLE account won’t affect the account holder’s eligibility for federal programs such as Medicaid and Supplemental Security Income. ABLE accounts can be used in a variety of ways.…
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IRS tax tip: Tax tips for gig economy entrepreneurs and workers
IRS Tax Tip 2023-05, January 12, 2023 In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig.  Read on www.irs.gov/newsroom/tax-tips-for-gig-economy-entrepreneurs-and-workers
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Wednesday Workshop: Tax Documents, What You Need
Tax Documents, What You Need Last week we walked through the process of ordering an accessible credit report in large print, Braille, or audio using the automated telephone service at 1 (877) 332-8228. This week we continued to talk about money moves you can make to kick off 2023 as we talked about taxes. Tax…
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IRS Tax tip: The deadline for the final 2022 estimated tax payment is January 17
Tax Tip 2023-04, January 11, 2023 Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes. Anyone who paid too little tax in 2022 needs to make a fourth quarter payment on or before January 17 to avoid an unexpected potential tax bill or penalty when they file in…