I just recently discovered the new York Times Series titled, Financial Tuneup whereby author Ron Lieber attempts To tackle the never-ending, ever-multiplying list of undone money tasks in your life, he came up with the idea of taking a fiscal health day — a single day to tuneup your personal finances, during business hours. I…
I have discussed in the past that Long Term Care Insurance may be state income tax deductible, but I have never really went into the federal tax aspects Long Term Care Insurance. Luckily, I don’t have to. Every year there is an update released by The Corporation for Long-Term Care Certification. http://myjourneytomillions.com/2010_One_Page_Tax_Summary.pdf My Opinion of Long…
When I discussed the best cell phone service for deaf or hard of hearing people I mentioned that my brother was deaf (yes, I know Sign Language). So, whenever I hear something about deaf life or culture I have more than a general interest. So, thanks to Kay Bell of Don’t Mess with Taxes for…
I learned something yesterday that I figured I would share with my readers. Not sure how many of readers actually own Long Term Care Insurance but I learned something about yet another positive about it. Before getting into what I learned and want to share, a quick definition of long term care insurance. Rather than…
I know we are far from the cultural event known as “tax season” but today, I came across a great tax deduction I had no idea about. A Planner came to me today and asked, quite succinctly, Are Nursing Home Expenses Tax Deductible? I started with my normal logical reasoning, they are medical expenses but…
It seems to be a common statement among parents, planners, financial aid people, some bloggers, etc. that Don’t worry about education loans, they are tax deductible… Like most tax advice given…it is a half truth. Student Loans Are not Always Tax Deductible Yes, your interest is tax deductible if you don’t pass certain threshold income…
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