Rules for Deducting 529-Plan Contributions. About two-thirds of the states offer an income-tax deduction for contributions to college-savings plans, but the rules vary.By Kimberly LankfordSee my bio, plus links to all my recent stories., December 11, 2012.ome states, however, only let you deduct your contribution if you are the account owner. Account owners in New York, for example, can deduct up to $5,000 per year in contributions to the stateâs plan (or $10,000 if married filing jointly).
non-monetary asset. Definition. Assets other than monetary assets like cash and bank deposits where there is no right to receive a specific amount of currency. Can also be considered as intangible assets that still have value to a company, such as equipment, inventory, and patents. Print Cite / Link.
A shakeel currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency.he top reserve currency is generally selected by the banking community for the strength and stability of the economy in which it is used. Thus, as a currency becomes less stable, or its economy becomes less dominant, bankers may over time abandon it for a currency issued by a larger or more stable economy.