February 22, 2023 Issue, Page 3 of 8

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February 22, 2023 AG News The Elk City News - 3 Tax Benefits Available for Beck Reminds County Oklahomans with Oklahoma 529 Residents To Make Free College Savings Webinar Set for March 15 Sure All Exemptions OKLAHOMA CITY (Feb. 15, 2023) — With tax season having in an Oklahoma 529 account without the giver being subject For more information about tributions made into an Oklahoma Oklahoma 529, the upcoming 529. Check with your home state to Are Turned In arrived, Oklahoma 529 can help to federal gift tax. Married cou- College Savings Webinars or to learn if it offers tax or other benefits "[t's that time of year to make emption - If you qualify for the Oklahomans save on their 2022 ples can double that amount to open an account, go to oklaho- such as financial aid, scholarship sure you have all the Property Homestead Exemption, and taxes when they open and con- $34,000 without being subject ma529.com or call (877) 654- funds or protection from creditors Tax Exemptions you qualify have a certified letter stating for investing in its own 529 plan. for! You have until March 15th you are a 100% Disabled Veter- tribute to Oklahoma's official to the tax. 7284, to apply!!! an, you may qualify for a 100% 529 college savings account. ‘According to the Federal Re- Consider the investment objectives, Homestead Exemption - If you reduction of Property Tax on Oklahoma 529 accounts pro- serve, the total amount of out- About Oklahoma 529 risks, charges and expenses before own and reside in your home the property in which you have vide owners a triple tax benefit: standing loan debt in the U.S. is Introduced in April 2000, Okla- investing in Oklahoma 529. Invest- you may qualify for a Home- the Homestead Exemption. a 2022 state tax deduction for $1.77 trillion and more than 45 oma 529 has served more than ments in the Plan are neither insured stead Exemption for that If you have any questions, we Oklahoma taxpayers, state and million borrowers have student 81,000 students in paying for high- nor guaranteed and there is the risk property. This Exemption will would love to assist you, call of investment loss. Consult your le- deduct $1,000 from your prop- 580-928-3329 or come by our federal tax-deferred growth of loan debt.2 On average, it takes er education tuition and expenses. erty's Assessed Value resulting Office at 301 E Main St Ste 2 any earnings in the account and 20 years to pay off student loans, As of Dec. 31, 2022, OKahoma ‘gal or tax professional for tax advice. in savings on your Property Sayre, across the street north tax-free withdrawals for quali- according to Education Data Ini- families have redeemed more than If the funds aren't used for qualified Tax Bill. Once applied this ex- of the Courthouse. fied education expenses. Con- tiative.3 Funds in an Oklahoma $770 million from Oklahoma 529 higher education expenses, a federal emption stays on the property To Apply for the Double Home- 10% penalty tax on earnings (as well as long as you continue to own stead or the Senior Freeze tributions made into a new or 529 account can help minimize accounts. Oklahoma 529 funds may as federal and state income taxes) and reside there. please bring your IRS Tax Re- existing Oklahoma 529 account future education-related debt. be used to pay for college, universi- Double Homestead Exemption turn or Social Security Proof of through the April 18 tax filing Leading up to the tax filing ty, CareerTech, community college, may apply. -If you qualify for a Homestead Income to us and we will assist deadline are eligible for a 2022 deadline, Oklahoma parents graduate schools and more. Exemption and make less than you in applying. $25,000 Annual Gross House- To Apply for the 100% Dis- state income tax deduction up and grandparents interested in 1Tb learn more about Oklaho- hold Income, you may qualify abled Veteran's Exemption to $20,000 for joint filers and learning more about saving for ma 529, its investment objectives, Letter to for up to an additional $1,000 please visit us and bring your $10,000 for single filers. Limita- education expenses are invited tax benefits, risks and costs, please deduction from your proper- Certified Letter with the Of- see the Plan Description at okla- tions apply.1 Additionally, the federal to attend a free webinar to be held Wednesday, March 15, at homa529.com. Read it carefully Editor ty's Assessed Value. This ex- emption must be applied for ored to assist you. ficial Seal and we will be hon- gift limit for 2023 has been in- 11 asm. Registration is required Oklahoma taxpayers can reduce annually until you reach the Jonathan Beck, A.A.S. creased to $17,000 per person, and can be done through the their state taxable income by up to All humans are equally creat- age of 65. Beckham County Assessor" Senior Valuation Limitation which means contributions up Oklahoma 529 website at okla- $20,000, if married filing jointly ed in the image of God (Gen- ("Senior Freeze") - If you qual- to that amount can be placed homa5S29,com/events. ($10,000 filing single), from con esis 1:26-27). God loves the ify for the Homestead Exemp- ‘The Beckham County Assessor “world” (John 3:16). This ob- tion, are over 65, and have will be available to assist you with your 2023 Personal Prop- viously includes all groups. an Annual Gross Household erty Assessments and Exemp- God does not show partiality Income of less than $66,900 j - t Health Awareness (for 2023), you may qualify for tion Application at the follow- or favoritism (Deuteronomy the Senior Freeze. This exemp- ing Locations and Times: Carter — Rural Water District 10:17, Acts 10:34, Romans tion "locks in" your property's Office E__ Only ONE hospital in Carpiac Catcium ScREENING 2:11, Ephesians 6:9). James Assessed Value to what that Monday March 6th 10am-2pm is the year it is applied. This Western Oklahoma can scan It can detect your risk for 2:4 describes those who dis- means if the Fair Market Value Erick - Rural Water District criminate as “judges with evil of your home should increase Office | your heart with 64 slice CT heart disease by Wednesday March 8th 10am- thoughts” instead, we are to due to the market, your prop- scanner that delivers an measurin ig calcium levels 2pm love our neighbors as ourselves erty’s taxable value remains Elk City- City Hall the same. ultra-low-dose of radiation in your arteries. (James 2:6). All forms of rac- 100% Disabled Veteran's Ex- Thursday and Friday March PLus IT Is... ism, prejudice, and discrimina- 9th & 10th 9am-4pm. that makes it safe for you and your loved ones. * Quick tion are affronts to the work of Christ. Jesus commands us to + PAINLESS love one another as he loves us THE cHoice IS SIMPLE. @ohn 13:34). Jesus teaches in Matthew 25 that whatever we MISDEMEANORS do to the least of his brothers, State of Okla vs Cory L Meade DUS. Possession of CS & we do to him. Ephesians 4:32 declares: “Be kind and compas- paraphernalia sionate to one another, forgiv- State of Okla vs Cindy G Herndon Child not in school CHECK YOUR ing each other, just as in Christ 580.821.5565 God forgave you.” “You are all State of Okla vs Maida B Luna “ ScHEDULE Topay! HEART. one in Christ Jesus” (Galatians State of Okla vs Dakota S$ Piercy 7 3:26). Those who practice rac- State of Okla vs Clinton J Brewer DUS GREAT PLAINSA® If scheduled by February 28, 2023 1801 W. 3p, Etk City ism, prejudice, and discrimi- State of Okla vs Dylan R King Public intoxication. Dis- REGIONAL MEDICAL CENTER WWW.GPRMC-OK.COM nation need to repent (“turn turbing the peace back” in Hebrew) (Romans 6:13). To deny a whole groups State of Okla vs Rose Mary Luna Possession of CS & parapher- history is to deny the group. It nalia is racist, it is heresy anda rejec- FELONIES tion of the teachings of Jesus State of Okla vs Ivan Armendariz Kidnapping. Domestic Christ. It is also a denial of the Christian life. The life of faith assault & battery with a dangerous weapon involves continual repentance State of Okla vs Mark Jones Endangering others by elud- (‘turning back”) from bad to ing. Impersonating a police officer good. Two of God’s greatest State of Okla vs Thomas J Craft Stalking gifts are his mercy and forgive- ness which Christians take as eternal and God’s power en- ables the repentant to change MARRIAGES € DIVORCES themselves and their nation. Recognition of sin necessary Oklahoma: for a Christian life contributes MARRIAGE LICENSES to humility and the determina- John Currid III, Elk City - Leann Earnest, Elk City tion to change. “Reformed and Garrett Mouse, Elk City, Chelsea Spieker, Elk City always reforming” is necessary Sean Donaldson, Erick ~ Amber Otte, Erick Oklahoma Farm Bureau members are farmers and ranchers. They for any worshipping communi- DIVORCES are also teachers, healthcare workers, first responders and local ty. It is inspiring for children business owners. No matter if they are growing and raising food or to learn that wrongs can be Alisa O'Neal vs John O'Neal serving our rural friends and neighbors, Farm Bureau members are corrected. It encourages them Amber Howell vs Bryant Howell building a brighter future for our rural communities. as good citizens to take part Kristin White vs Victor White in efforts to improve the na- Join Beckham County Farm Bureau today to help support Oklahoma’s agriculture community and ensure a brighter future for all Oklahomans. tion for all. Any discomfort in Kent L Brown, CPA this is not bad, it is Christian. Governor Stitt and Mr. Walters Solving the mysteries of taxes withthe powers of deductions. Beckham County Farm Bureau insistence on denying diversity 503 W. 3rd « Elk City, OK 73644 * (580) 225-3330 in education is blatant heresy. aan = = a 306 W. Main * Sayre, OK 73662 * (580) 928-2101 ‘Thank you, Sincerely; Reverend John E. 803 S. Main St., Elk City, OK 73644 OKLAHOMA Karlin Ph.D. Office: 580.225.3040 © Fax: 580.243.3040 (>. FARM BUREAU. okfarmbureau.org/join Yukon, OK. [email protected]