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How to take advantage of 401(k) catch-up contributions 12/18/2022 05:00am • When you turn 50, you become eligible to contribute more money to your 401(k) plan. The tax deduction you can claim on these catch-up contributions could save you over $1,000 on your annual tax bill. Here's how to take advantage of 401(k) catch-up contributions: The 401(k) Catch-Up Contribution L Virginia colleges work with local school systems to address staffing challenges 12/16/2022 05:45am • Welcome to the School Zone, WTOP���s weekly feature about the latest topics and trends in education across the D.C. region. WTOP���s Scott Gelman takes a closer look at the issues and how they affect your kids. If you have story ideas or suggestions, email Scott at��sgelman@wtop.com. 9 Va. colleges Youngkin proposes another $1B in business, income tax cuts 12/15/2022 02:31pm • Virginia Gov. Glenn Youngkin laid out his proposed changes to the two-year state budget Thursday, asking lawmakers to enact another $1 billion in tax relief, including a corporate tax rate cut. The Republican governor also wants to increase the standard deduction again after doing so earlier this How much should you contribute to a 401(k)? 12/15/2022 10:30am • When you start a new job and sign up for your company's 401(k) plan, you will need to decide how much to contribute to the account. This seemingly simple decision will affect how much is withheld from your paychecks, your annual income tax bill and how much money you will have in retirement. Here After delays, Potomac Yard Metro station in Alexandria set to open in May 12/13/2022 04:59pm • After pushing back the launch date twice, Metro now says the Potomac Yard Metro station will open in May 2023. The station, located in Alexandria, Virginia, near the sprawling Amazon headquarters development, was originally supposed to open this past April. More Local News More Virg Haymarket Town Councilor running for Prince William Board of County Supervisors 12/13/2022 08:14am • This article was written by WTOP���s news partner, InsideNoVa.com, and republished with permission. Sign up for InsideNoVa.com���s free email subscription today. Haymarket Town Councilor Bob Weir has joined the special election for the Prince William Board of County Supervisors. Weir announced h Capitol Police officer injured in Jan. 6 riot resigns citing physical, mental trauma 12/13/2022 07:39am • A Capitol Police officer who was injured during the Jan. 6 attack on the U.S. Capitol has resigned from his post citing physical and mental trauma. In a letter, Capitol Police Chief Thomas Manger shared with NBC News, Sgt. Aquilino A. Gonell wrote that he will take the time off to focus on healin Smart ways to gift money to children 12/09/2022 10:00am • Amid rising prices and an uncertain economy, more than 60% of Americans are planning on giving money as a gift this holiday season instead of a traditional present, according to a recent survey from MassMutual. Giving small amounts of money in cash or via a gift card is easy enough, but some pare Last of RFK's iconic orange seats to be removed 12/08/2022 08:15pm • It���s the end of an era as the last orange seats will be removed and put up for sale at RFK Stadium during a ceremony with D.C. Mayor Muriel Bowser on Thursday. Events DC, which is hosting the sale, said it is part of a ���Farewell RFK��� effort meant to ���celebrate and honor the legacy of D.C. DC tries to lure more people back to downtown 12/05/2022 08:17am • Foot traffic in D.C.���s downtown and Golden Triangle areas is better than it was in 2020 but it���s still far below pre-pandemic levels. City officials are now looking for ways to bring customers back to struggling retail businesses that depended heavily on office workers. About one fifth of offic SmartRoof to create 400 new jobs as part of Northern Virginia expansion 11/29/2022 11:11am • Roofing and solar installation company SmartRoof will relocate its operations from McLean, Virginia, to Reston and create more than 400 new jobs as part of its expansion. The six-year-old company will relocate to 11091 Sunset Hills Road, taking 25,000 square feet of space, and invest $350,000 Check out those charities before opening your wallet on #GivingTuesday 11/29/2022 08:47am • The Thanksgiving leftovers have been plundered and hours have been spent shopping in stores or online during Cyber Monday. Giving Tuesday is here and it���s great time think about where you may spend your charitable dollars. CBS business analyst Jill Schlesinger urges anyone dishing out a few bucks 5Qs with Shulman Rogers��� Michael Lichtenstein: Business bankruptcy���s recovery goals explained 11/28/2022 04:37pm • Bankruptcy lawyers get a bad rap, rather akin to how people respond when someone says they work for the IRS. In reality, most commercial bankruptcy work focuses on trying to put a business back on the path to success, points out Michael Lichtenstein, chair of the Bankruptcy Restructuring and Cred Incentives are available if you buy a heat pump in 2023 11/25/2022 05:53pm • Significant incentives are available next year for homeowners who buy heat pumps. The Inflation Reduction Act will offer a tax credit of up to $2,000 to encourage homeowners to install heat pumps. More Consumer News More Local News ���There are new tax credits now available Mobile sports betting goes live in Maryland on Wednesday 11/22/2022 02:53pm • This content was republished with permission from WTOP���s news partners at Maryland Matters. Sign up for Maryland Matters��� free email subscription today. The era of mobile sports gaming in Maryland dawns on Wednesday. Beginning at 9 a.m., Gov. Larry Hogan (R) said Tuesday, gamblers will have t