State Treasurer Michael Fitzgerald is reminding you to take advantage of the state tax deduction for contributing to you kid’s College Savings Iowa account. The deductions are based on the calendar year when you deposit funds to the account.  “Parents and grandparents must get their contributions in by December 31st, or it must be postmarked by December 31st to be able to claim this on your Iowa income tax as a deduction for 2012,” according to Fitzgerald. You can have accounts for each of your children.

“Anyone can put up to two-thousand-975 dollars in for each child. And that’s a whopper of a deduction,” Fitzgerald says, “you know if a typical family with two kids, mom and dad put it in, they can deduct 11-thousand-900 dollars from their Iowa taxes. So it can mean a lot.” Fitzgerald says relatives wanting to help out can donate.  “Most parents raising kids don’t have that kind of money, but a lot of grandparents do, and whatever they put in — if they have 10 grandchildren — they can put money in for each one of them and it adds up,” Fitzgerald says. He says one third of the accounts in the program were started by grandparents.

Fitzgerald says you can start an account with 25 dollars, and that is the minimum you can make with each deposit.  “Most people do not put in the max, because putting in 29-hundred and 75 dollars for each child is a little bit steep, a little too challenging for most folks financially. But the average account by the time a child goes to college in Iowa, they’ll have 14-thousand dollars saved,” Fitzgerald says. Investors in the program do not have to be Iowa residents. The child can take out the money for qualified college expenses including tuition, books, supplies and room and board at any eligible college, university, community college or accredited technical training school in the United Sates or abroad.

You can call 1-888-672-9116 to sign up or go to www.collegesavingsiowa.com.

(Radio Iowa)

Christmas was a few days ago, and the big crowds are gone from Iowa’s malls. Now would be a good time to return that ugly sweater or the toaster oven you didn’t need. Kimberly Hazen, with the Better Business Bureau, says stores aren’t required to exchange an item unless it’s defective or was wrongly advertised. “It really is up to the store’s policy to take — or not take — an item in return,” Hazen says. “They can decide if they offer a full refund, if they offer just a store credit or if they offer just an exchange.”

Stores must honor their written policies, but those might not always be clear. Some Iowa stores print those policies right on the receipt, which she says is very helpful, but most don’t. “Then you want to really hope you got a gift receipt from the person that gave you the gift,” Hazen says. “Also, making sure you don’t take the tags off and you keep the original packaging.” Consumers need to beware, Hazen says, as retailers may charge a fee to put the items back on the shelf. “A restocking fee can be as high as 25% of what you paid for the original item which can be kinda’ hefty,” she says.

If you encounter a problem at the store, consult the Better Business Bureau website at b-b-b-dot-org and enter your town in the search window.

(Radio Iowa)

Snow covered, slipper roads contributed to a two-vehicle accident Thursday afternoon, in Atlantic. The Police Department reports vehicles driven by Michael Bald and Danny Anderson, both of Atlantic, collided at around 1:25-p.m., at the intersection of 10th Street and Hospital Drive.

Officials say Bald was traveling eastbound when he lost control of his vehicle due to the road conditions. The vehicle slid and hit a SWITA bus driven by Anderson, as the bus was traveling west in its normal lane. No injuries were reported. Damage to the SWITA bus amounted to $500, while Bald’s vehicle sustained $3,000 damage. No citations were isssued.

The Fremont County Sheriff’s Department reports three South Dakota residents were arrested early this (Friday) morning, on drug charges. 33-year old Florencell James, Jr., 29-year old Roseanne Weddell and 23-year old Rochelle Bordeaux, all of Sioux Falls, SD, were taken into custody at around 2:40-a.m., on Possession of a Controlled Substance/Methamphetamine, and Possession of Drug Paraphernalia, charges.

The trio were arrested at the Pilot Truck Stop in the 2400 block of 210^th Avenue in Fremont County, after deputies responded to investigate a reported suspicious vehicle. Each of the individuals were brought to the Fremont County Jail and held on $1,000 bond each.