Your browser does not support JavaScript.
Home Categories Family Finances 529 Plans are tax credit accounts that can be used to pay for education costs from kindergarten to graduate school. 529 Plans are tax credit accounts that can be used to pay for education costs from kindergarten to graduate school. “Double Income, No Children” (DINK) is slang for a household that has two incomes and no children. The Family and Sick Leave Act (FMLA) is a labor law of 1993 that protects the workplace of employees who need to take leave for personal or family reasons. The sharing of gifts allows a married couple to give twice as much as an individual without being subject to gift tax. A federal aid grant is federal money given to a recipient to fund a project or program. The Higher Education Act of 1965, or HEA, has not been re-authorized by Congress since 2013, but remains in effect on an interim basis. Household income is the total gross cash income of all members of the household. Immediate relatives usually consist of parents, siblings, spouse and children. Jointly owned property is any property owned by two or more parties, such as a husband and wife, business partners, friends or family members.