Delaware’s ABLE Program Receives Funding from DHSS
Support comes as ABLE celebrates 10 years As Delaware joins the rest of the country in marking the 10th anniversary of the Achieving a Better Life Experience (ABLE) Act, Treasurer Davis announces DEPENDABLE, Delaware’s ABLE plan, received crucial support from the Delaware Department of Health and Social Services (DHSS). Through a Memorandum of Understanding, DHSS […]
Treasurer Davis Encourages Delawareans to Prioritize Saving
America Saves Week – April 8-12, 2024 As financial literacy and wellness continue to be paramount in today’s economic landscape, Delaware Treasurer Colleen Davis once again encourages Delawareans to participate in America Saves Week, the initiative aimed at promoting saving, budgeting, and financial stability across the nation. The theme for America Saves Week 2024, which […]
New Tax Deduction for Contributions to Savings Plans
Act now to save money when filing your 2022 tax return next year Thanks to a new law enacted by the Delaware General Assembly, Delaware taxpayers have new opportunities to save money. Delawareans who save for school with the DE529 Education Savings Plan may qualify for a new tax deduction on their state returns. “While […]
Treasury Proposals Receive Funding in Governor’s Recommended Budget
Secure-choice retirement program, income tax deductions for saving both included In releasing his Fiscal Year 2023 recommended budget, Governor Carney showed his support for two important initiatives of the Office of the State Treasurer. Ensuring a way for all Delawareans to effectively save for retirement even if they have no access to an employer sponsored […]
Treasurer Davis Says Now is the Time to Review Savings Plans
Online tool can identify available funds to be used in state plans Dealing with a troubled economy during the coronavirus pandemic has changed the way many people deal with their household budgets. The U.S. Bureau of Labor Statistics says Americans have been spending more money on groceries and home entertainment and less on travel and […]
