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Lake Info
Normal Lake Level is 322.00 feet
above Mean Sea Level.
Current level for Cedar Creek Lake is:
319.09
Water Temperature:
52 degrees - top
54 degrees - bottom


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Boat owners can
claim federal, state tax deductions
Special to The Monitor
ALEXANDRIA, Va.–Recreational boat owners who paid state sales taxes on a
boat purchase, or those who secured a bank loan to finance a boat, may
have some tax deductions available when filing their 2008 federal income
tax return.
Sales Tax Deduction
For boat owners who paid substantial state sales taxes on a new or used
boat purchase last year, the Tax Extenders Act of 2008 signed by
President Bush Oct. 3, 2008, continues to offer a federal tax benefit
with a deduction for state sales taxes.
Boaters must choose either the state sales tax deduction or state income
tax deduction on their federal tax return – you cannot take both.
In addition, to take the state sales tax deduction, the sales tax on a
boat purchase must be applied at the same tax rate as the state’s
general sales tax.
In order to claim the sales tax deduction, tax returns must be itemized.
State sales taxes are entered on IRS form Schedule A, line 5b.
Boat Loan Deduction
For those owners with a secured boat loan, mortgage interest paid on the
loan may be deductible from your federal income taxes.
Taxpayers may use the “second home” mortgage interest deduction for one
primary home and one second home, and must itemize deductions on their
returns.
A boat is considered a second home for federal tax purposes if it has a
galley, a head and sleeping berth.
Some boaters may be unaware of this potential tax benefit, because not
all lending institutions send borrowers an IRS form 1098 which reports
the interest paid.
Not receiving the form does not preclude taking the deduction. If a 1098
is not available, boaters should contact their lender for the amount of
interest paid and should enter it on line 11 on Schedule A, along with
the lender’s tax ID number.
If a form 1098 is sent, boaters should simply enter the amount on line
10 of Schedule A.
No deduction for AMT
For those who fall under the Alternative Minimum Tax, most deductions
are unavailable as taxes are calculated differently.
Boaters are urged to contact a tax preparer or financial advisor for
more information.
For more details on the mortgage deduction, go to
http://www.IRS.gov and download
Publication 936 or the Fact Sheets.
For state tax deduction information, download Publication 600, which
also includes state-by-state tax tables.
Kemp splits at CH
tourney
Monitor Staff Reports
KEMP–Kemp’s Yellowjackets split 2-2 at the Chapel Hill Bulldog
Invitational baseball tournament last weekend, and fell to the hosting
Kaufman Lions Tuesday.
This weekend, the ’Jackets were scheduled to play in a tournament hosted
by Corsicana Mildred.
Tuesday, March 10, the ’Jackets travel back to Chapel Hill for a 6:30
p.m. non-district contest with the Bulldogs.
Next weekend, March 12-14, the ’Jackets will host their own baseball
tournament before winding up their non-district schedule with a road
contest at Crandall Monday, March 16.
Kemp is scheduled to open District 14-3A baseball play on the road at
Van Friday, March 20. All district contests start at 6:30 p.m.
At Chapel Hill, the ’Jackets opened tournament play with a 12-6 loss to
Greenville, despite senior first baseman Josh Carr’s first home run of
the year.
Dudley Chambers took the loss on the mound, as the Kemp defense
faltered, committing several errors.
Carr finished the day at 4-for-4 with five RBI, and Kevin Betz added two
hits for the ’Jacket offense.
The ’Jackets crushed Fort Worth Trimble Tech 12-3 the next day.
Zach Allison got the win, allowing just three runs (none earned) in five
strong innings.
Carr had two hits, including his second home run, and Bryan Fivecoat
added two doubles as eight of the nine ’Jacket starters notched hits.
That night, the ’Jackets faced Greenville again, and fell 12-0. Carr
started on the mound and took the loss.
Betz and freshman Kyle Kimberling notched the only Kemp hits in the
loss.
In the final round of the tournament, the ’Jackets again bounced back
with a dominating 14-3 victory over the Rains Wildcats.
Aaron Haessly went the distance for the win, notching three strikeouts
and not issuing a single walk, and helped his cause with two hits and
scored twice.
Fivecoat racked up another two-hit night for the ’Jackets.
At Kaufman Tuesday night, the error bug again bit the ’Jackets hard, as
they committed four miscues in a 10-6 loss to the hosting Lions.
Chambers took the loss, despite giving up only two earned runs.
Kemp was trailing 5-0 in the fourth inning when Carr unloaded the bases
with a double to right center, and the ’Jackets pulled within a run at
5-4 in the fifth inning.
However, the Lions scored five runs in the bottom of the sixth, as the
’Jackets committed three errors in the frame.
Kemp threatened in the top of the seventh inning, scoring twice, but
Brice King grounded into a double play to end the comeback.
Trojans top 19-A
picks
Monitor Staff Reports
TRINIDAD–Trinidad’s Lady Trojans dominated the District 19A-II
all-district basketball selections released last week.
Lady Trojan Kiaundra Cofer was named the district’s Most Valuable
Player, with coach Kendra McAlister named the Coach of the Year.
Joining Cofer on the superlatives list were Milford’s Ashley Ross, named
as the Offensive MVP, and Coolidge’s Earlena Evans, the Defensive MVP.
Avalon’s Maegan Knight was named the district’s Newcomer of the Year.
Almost every district team placed one player on the first-team
all-district list, headed by Trinidad’s Kaylee Callahan.
Joining her were Milford’s Chasity Waits, Avalon’s Dayanne Knight,
Abbott’s Madeleine Crawford, Coolidge’s Dalila Gonzales, Penelope’s
Latrese Williams and Frost’s Crystal Jackson.
Trinidad’s Rachel Boatright headed the second team.
Joning her were Frost’s Patricia Garcia, Abbott’s Kelsey Russell,
Milford’s Brianna Ross and Bynum’s Jennifer Thompson.
Honorable mention went to Trinidad’s Tommi Moody, Chelsea Tart, Melissa
Ray and Sasha Womack, along with Avalon’s Cathryn Freeman.
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Upcoming games |
Track
March 12
Brownsboro Cumby Relays
March 26
Crandall Coca-Cola Relays |
Soccer
March 10
MHS g/b @/vs Lindale*
EHS g/b vs Athens*
March 13
MHS g/b vs/@ Athens*
EHS g/b @ Chapel Hill*
(end regular season)
*district contest |
Golf
March 9
MHS b @ Canton tourn.
MHS g @ Royse City tourn.
KHS @ Canton tourn. |
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Baseball
March 10
MHS vs Kaufman
KHS @ Chapel Hill
EHS vs Ferris
March 12-14
MHS @ Van/Canton tourn.
EHS @ Kemp tourn.
KHS hosts tourn.
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Softball
March 10
MHS bye*
EHS @ Kilgore
March 12-14
EHS @ Lindale tourn.
March 13
MHS vs Terrell*
*district contest
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