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.
Non-current assets are assets held for longer term, usually because they are one of the classes property, plant or equipment.They are usually initially bought as investments and either are essential for operations of a business or increase the profitability of the business.One framework to look at non-current assets is in terms of life cycle stages: acquiring, holding, disposal.hey are usually initially bought as investments and either are essential for operations of a business or increase the profitability of the business. One framework to look at non-current assets is in terms of life cycle stages: acquiring, holding, disposal.