The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

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Edvest FAQ: How Do I Set up Payroll Deduction for my Account?


Payroll Deduction

Simplify your life and make consistent, automatic contributions to Edvest by setting up payroll deduction.

Payroll deduction is a convenient and flexible method to contribute to your existing Edvest account. If your employer offers this benefit, you can contribute as little as $15 per pay period from your paycheck. You can stop, start or change your deduction amount at any time.

If you leave your employer, contributions will automatically stop. You have the option to start a new payroll deduction with your new employer, if allowed, or you can choose to add contributions to your account by check, an automatic contribution plan or electronic funds transfer at any time.

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Wisconsin Saves Fun Tip: Technology Savings Tips Week 2, Buy USED!


OST Design large sealThe Wisconsin Office of the State Treasurer proudly teams up with WWBIC (Wisconsin’s WomensWWBIC Business Initiative Corporation) for “Wisconsin Saves Fun Tip.”

The entire month of October, we are committed to Technology Saving Tips!  This week, consider buying used or “refurbished” equipment, YES USED!

Consider buying refurbished equipment, particularly if it’s a model that’s been out for a while.  Most manufacturers put returned equipment through rigorous testing and inspection to ensure their standard of quality.  Make sure you purchase directly from the manufacturer or a reputable dealer and look for their “factory certified” seal of approval.

Treasurer’s Top 5: Polk County


polk countyThis week, we travel to Polk County.  Here’s a look at the Top 5 people and businesses there with unclaimed assets. Do you see anyone on this list you know?  If so, have check out  www.wismissingmoney.com and search their name to make a claim.  They can also call 855-375-CASH (2274)

Polk County

Evelyn Green

Harold Leu

Joy Peterson

Esther Surkamer

Money Matters: Employer Provided Benefits


Employer Provided Benefits

Employee Benefits

Whether you’ve just started a new job as a recent graduate or you’ve been with the same company for years, you need to make sure you’re maximizing your employee benefits.  Our friends at www.practicalmoneyskills.com tell you how!

Most employers offer a host of company-sponsored benefits. Often, the combined value of these coverages is worth a third or more of your base pay. That’s too much money to leave on the table. And some employee benefits have valuable tax advantages you can’t afford to ignore.

If your employer provides a 401(k) plan or Health Care and Dependent Care Flexible Spending Accounts (FSAs) and you’re not participating, you could be missing out on hundreds – or thousands – of dollars in tax savings each year. That’s money that goes right into your pocket instead of Uncle Sam’s.

Here you’ll find the ins and outs of employee benefits and everything you need to maximize your job and all it has to offer.

FAQ Unclaimed Property: Where Do I Call with Unclaimed Property Questions?


Some of the Numbers have changed as the Unclaimed Property Program is now being adminstered by the Department of Revenue.  The Office of the State Treasurer is still responsible for promoting the program and is happy to answer any questions we can for you.  However, at the request of the Department of Revenue, direct lines to claims processors were removed from our website and they asks you to call and general line.  That number is:

(608) 264-4594

 

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FAQ Edvest: What Are The Tax Advantages?


edvest

What are the federal and state tax advantages?

When you contribute to the Edvest College Savings Plan, any account earnings can grow federal and Wisconsin income tax free. Plus, withdrawals used to pay for qualified higher education expenses will be free from federal and Wisconsin income tax. Non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax.

Wisconsin Saves Fun Tip: Technology Saving Tips Week 1: To Upgrade or Not to Upgrade?


Small Logo CroppedThe Wisconsin Office of the State Treasurer proudly teams up with WWBIC (Wisconsin’s WomensWWBIC Business Initiative Corporation) for “Wisconsin Saves Fun Tip.”

The entire month of October, we are committed to Technology Saving Tips!  This week, to upgrade or not to upgrade.

Sometimes we upgrade our technology because it’s stopped working; too often it is to have the latest gadget.  Stop upgrading so often to save some money.  Compare what you have with what you need and make sure you’re not just buying the label.   Search for tips online for how to rejuvenate your old equipment by restoring factory settings or cleaning the hard drive.   This might be just the new gift to yourself you’ve been looking for!

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