Visiting Angels MAY 2018

Traveling With the Grandkids?

Pack Necessary Documents You need to have some form of ID for your grandkids. Older kids can use a driver’s license, but if you’re traveling with lit- tle ones, find a copy of their birth certificates. You also need copies of insurance and prescription cards and a notarized letter from the parents granting you permission to authorize medical care in case of an emergency. It’s also a good idea to have a letter of permission for your grandkids to travel with you. Make sure the letter is signed by all legal guard- ians, especially if your grandchild’s parents are divorced. You don’t want to accidentally cause a custody dispute. Plan a Trip You’ll Both Love When planning your itinerary, ask yourself if your grandkids will have fun, too. You might be excited to visit an art mu- seum, but a younger child might not appreciate it as much. This doesn’t mean you shouldn’t visit museums or historical sites! In fact, most of these places offer kid-centric activi- ties, like scavenger hunts, that can help a younger audience engage with the environment. Just be sure to think of your grandchild first when planning. There’s nothing like the adventure of travel to bring gener- ations closer together and create lasting memories. These tips will help you ensure those memories are good ones. Happy travels! home. You’ll be able to deduct the interest you pay on your loan, saving you plenty of money. Travel Seeing the world is a great way to enrich your life, but it can be tough on your bank account. However, under certain conditions, Uncle Sam may be willing to lend a hand. Most people think the only way to deduct travel expenses is by planning a business trip, but this is not the case. Write-offs also exist to help people who are traveling for knowledge or to do good in the world. If you write for a blog, need to do some regional research for a novel, or want to volunteer in a disadvantaged part of the world, your expenses incurred for these purposes can be deducted. Education For lifelong learners, continuing your education can be just as much of an adventure as sailing the open seas. Unfortunately, feeding your brain can cost an arm and a leg. Thankfully, the IRS offers a Lifetime Learning tax credit, which can take off as much as 20 percent of the first $10,000 you spend for education after high school. There is no age limit for this credit, so go learn the subjects you’ve always been passionate about!

We could all use a vacation, and if you’re looking to bond with your grandkids, a trip might be the perfect answer. It’s fun for

you, and getting away from Mom and Dad for a while is thrilling for any kid. But before you board a plane

to Italy with your granddaughter or rent an RV for a trip to Yellowstone with your grandsons, there are a few things you need to check off your to-do list. Don’t Let the Parents Worry Letting their kids go on a trip without them can be nerve-wracking for parents. Don’t view parental worries as an implication that you are an irresponsible grandparent. Instead, think about how you felt when your own children were young, and take steps to alleviate the parents’ con- cerns. If your daughter asks you not to be on your phone while in crowded public places because she’s concerned you might lose sight of her child, promise to keep the phone in your pocket. If your son-in-law wants regular updates, make time before bed for your grandchild to call home and tell her father about all the fun she’s having. A little compromise can lead to less stress and more fun for everyone.

Deducting Adventure: Ways to Write Off Your Fun

Whether you are preparing for or are currently in retirement, managing your spending can be difficult. On one hand, you’re supposed to save money to ensure that your nest egg lasts. At the same time, you should make the most of life by enjoying the activities and adventures you never had time for in your working years. For those willing to put in the effort, there are ways of making your dreams

more affordable. Boats and RVs

Whether you love taking a trip out on the water or into the wilderness, doing it in comfort is always a plus. While boats and RVs can have a high sticker price, there are tax deductions you can use to make the dream of ownership a reality. If the vehicle is equipped with sleeping, cooking, and toilet facilities, a boat or RV qualifies as a second



Made with FlippingBook Learn more on our blog