C-OKAY and Associates

05/29/2026

National 529 Day – Did You Know?

If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses. Qualified expenses can include tuition, fees, books, supplies, computers, and for students enrolled at least half-time, certain room and board costs.

While 529 contributions are not deductible for federal income tax purposes, many states offer a full or partial state income tax deduction or credit for contributions. Some states and plan sponsors may also offer special incentives around National 529 Day.

Recent law changes expanded the use of 529 plans. In 2026, up to $20,000 per year, per student, may be used for qualified K–12 education expenses at public, private, or religious schools. Prior years were generally limited to $10,000 annually.

05/28/2026

“Saver’s Match” Program

Signed into law by President Joe Biden as part of the SECURE 2.0 Act in December 2022, it’s designed to help working and middle-class Americans build retirement savings.

Starting in 2027:

* The federal government will match 50% of eligible retirement contributions.
* Put in $2,000 → receive up to $1,000 deposited directly into your retirement account.
* Applies to IRAs, 401(k)s, and other qualifying retirement plans.
* Unlike the old Saver’s Credit, this money goes directly into your account even if you owe little or no federal income tax.

This is one of the few retirement policies aimed specifically at helping working-class Americans build wealth instead of primarily benefiting the wealthy.

And almost nobody is talking about it.

05/25/2026

05/25/2026

912-261-2300

05/23/2026

Health Savings Accounts - Did You Know?

Changing jobs? If you have a health savings account (HSA), you can take it with you. Unlike flexible spending accounts (FSAs), which are usually tied to your employer, your HSA belongs to you. You can continue using your HSA funds after leaving the job where you opened the account. However, you may make new HSA contributions only if you remain eligible to contribute. To remain eligible, you generally must be covered by an HSA-eligible high-deductible health plan (HDHP) and have no disqualifying coverage.

05/23/2026

Qualifying Dependents – Did You Know?

In addition to your children and parents, a number of other individuals may qualify as your dependents for tax purposes. Important factors can include the person's income, how much support you provide, and how much of the year the person lives with you. In some limited cases, even a non-relative who lives with you year round as a member of your household may qualify as a dependent.

05/22/2026

OKAY and Associates will be closed Monday as we pause to remember and honor the brave men and women who made the ultimate sacrifice for our country. 🇺🇸

We are grateful for their service and sacrifice.

We will reopen Tuesday at 9:00 AM. Wishing everyone a safe and meaningful Memorial Day weekend.

05/10/2026

Next up on our Brunswick Rec Meet the Team Monday: Say hello to Jessica Stewart, our Recreation Coordinator. 🎉

From creative programs to meaningful connections, she’s passionate about helping children grow, feel valued, and make lasting memories in recreation. 💚

Thank you for your service to the City of Brunswick!