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03/10 Monday KOZI News Bites 3/10/2014

TAX RULES FOR YOUR 2013 FEDERAL INCOME TAX RETURN

• Exemptions cut income.
There are two types of exemptions: personal exemptions and exemptions for dependents. You can usually deduct $3,900 for each exemption you claim on your 2013 tax return.

• Personal exemptions.
You can usually claim an exemption for yourself. If you’re married and file a joint return you can also claim one for your spouse. If you file a separate return, you can claim an exemption for your spouse only if your spouse had no gross income, is not filing a return, and was not the dependent of another taxpayer.

• Exemptions for dependents.
You can usually claim an exemption for each of your dependents. A dependent is either your child or a relative that meets certain tests. You can’t claim your spouse as a dependent. You generally may not claim married persons as dependents if they file a joint return with their spouse.

• Exemption phase-out. The $3,900 per exemption is subject to income limits. This rule may reduce or eliminate the amount depending on your income. See Publication 501 for details.

You can get Publication 501 at IRS.gov or by calling 800-TAX-FORM (800-829-3676).

 




SAFEWAY GROCERY STORES ON THE SALES BLOCK

After a long courtship, private equity giant Cerberus Capital Management agreed to buy
Safeway for over $9 billion last week.

Safeway, the 2nd-largest grocer in the US with more than 1300 stores, will merge with Albertson’s, the 5th-largest grocer.

The deal making may not be over soon, though. Kroger, the country’s largest grocer nearly twice as large as Safeway by revenue), is reportedly considering making its own offer for its competitor. The company previous outbid Cerberus for the Harris Teeter chain of supermarkets last summer.

“Safeway has been focused on better meeting shoppers’ diverse needs ” Safeway CEO Robert Edwards said in a statement. ” We are excited about continuing this momentum as a combined organization.”

Albertsons CEO Bob Miller said. “Together, we will be able to respond to local needs more quickly and deliver outstanding products at the lowest possible price.

 




CHELAN COUNTY PUD BRINGS SEVEN OPERATING UNITS ONLINE AT ROCK ISLAND

River flows as well as head and tail water levels at the dam allow restart


On Saturday, March 8, Chelan County PUD was able to restart seven operating units successfully and generate about 240 megawatts of power at times. Rock Island has been declared available for power generation. The PUD plans to operate some of the generating units at Rock Island between 6 a.m. and 10 p.m. on Monday, March 10. The ability to generate power from Rock Island Dam will depend on river flow.

Working collaboratively with BPA, and Grant County PUD in particular, as well as coordination with other mid-Columbia stakeholders, Chelan PUD will seek to hold river flows as well as head and tail water levels sufficient to continue Rock Island power generation.

Visitors to the Rock Island reservoir shoreline between Rock Island and Rocky Reach dams may have noticed the river level rising during the weekend. Chelan County PUD reminds the public to use caution due to continuing fluctuations in river levels.

Chelan PUD will hold an informational meeting from 5:30- 7 p.m. on Thursday, March 13, at the confluence Technology Center, 235 Technology Center Way particularly for irrigators who draw water from the Columbia River in the Rock Island reservoir. Irrigation will start in late March and the PUD is interested in bringing together irrigators and agricultural representatives to identify questions and concerns.

There will be a general overview provided for the public, with the emphasis focused on agricultural issues. The public will have an opportunity to submit questions and have them answered by the PUD. For more information about the meeting, please contact Marcie Steinmetz, marcie.steinmetz@chelanpud.org) or (509) 661-4186.



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