Rules for Deducting 529-Plan Contributions. About two-thirds of the states offer an income-tax deduction for contributions to college-savings plans, but the rules vary.By Kimberly LankfordSee my bio, plus links to all my recent stories., December 11, 2012.ome states, however, only let you deduct your contribution if you are the account owner. Account owners in New York, for example, can deduct up to $5,000 per year in contributions to the stateâs plan (or $10,000 if married filing jointly).
non-monetary asset. Definition. Assets other than monetary assets like cash and bank deposits where there is no right to receive a specific amount of currency. Can also be considered as intangible assets that still have value to a company, such as equipment, inventory, and patents. Print Cite / Link.
DEFINITION of 'Non-Sufficient Funds-NSF'. An acronym used in the banking industry to signify that there are non-sufficient funds in an account in order to honor a check drawn on that account.Colloquially, this is known as a bounced check or bad check.Banks normally charge a fee to the account holder for an NSF check.Depending on the bank's judgment, it may choose to honor the check, leaving the account holder with a deficit balance, or it may choose to refuse payment and return the check to the depositor.anks normally charge a fee to the account holder for an NSF check. Depending on the bank's judgment, it may choose to honor the check, leaving the account holder with a deficit balance, or it may choose to refuse payment and return the check to the depositor.