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Money in the News: $900,000,000+ in Owed Taxes, Student Loan Debt, Grandma Meets Kickstarter Goal, 9 Common Tax Deductions, St. Patrick’s Day Money Drain Infographic

The Consumerist writes about 984k people that are owed over $900 million dollars from 2009.

A lot of people who fail to file their taxes each year do so because they assume they will have to owe money or won’t be getting anything back. But the IRS says there is nearly a billion dollars in unclaimed returns from 2009, and that it needs to be claimed by April 15, 2013, or it goes into Uncle Sam’s pocket.

Mint.com posts about 3 little-known facts about Student Loan Debt.

In June of 2010, student loan debt made headlines when it surpassed credit card debt here in the U.S. Since then, outstanding student loan debt has surpassed the $1 trillion mark — making it the single largest form of household consumer debt outside of home loans.

There’s no question that student loan debt continues to be a growing concern — not only for students and graduates, but for parents, grandparents and policymakers alike.

CNN Money posts about an 89 year old grandmother who raised over $3k to hit her Kickstarter goal. Crystal note: Go Granny go!

Malkin this week reached her target of $3,500 in startup capital for her first-time business Happy Canes, a line of walking sticks she decorates with artificial flowers.

She debuted the Happy Canes project on Kickstarter in late January and needed to reach her goal by March 23.

Said Malkin, “I want to be an example to young and old people that age shouldn’t be a barrier for what you want to do in life.”

Bargain Babe posts about the 9 most common tax deductions:

Health Savings Account Deduction – Like the tax deduction for tax-deferred retirement accounts, contributing to an employer-sponsored health savings account, or HSA, reduces your taxable income. Just make sure that you’re not over-contributing to your HSA, as most come with a “use it or lose it” policy. This is another “above the line” deduction.

Lastly, Mint.com posts an infographic on how much Americans spend on St. Patrick’s Day Partying. Excuse me while I go drown my sorrows in Jamesons


Click to view

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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