Tax Carnival Ecstasy – October 1, 2013

Good Lord, I'm sure that's Councillor Bill Smi...

Good Lord, I’m sure that’s Councillor Bill Smith from Melrose – unless my eyes deceive me (Photo credit: Ninian Reid)

Welcome to the October 1, 2013 edition of Tax Carnival Ecstasy. In this edition we start with an article from Matt Becker on the deductability of mortgage interest and why it’s not the great tax deal everyone thinks. Bill Smith reports on TurboTax and eHealth working together and the IRS Fresh Start Program. Laura Anderson has some Nanny Tax Myths that you should know about. Hope you enjoy all the articles, bookmark, share, tweet and come back soon.

deductions

Matt Becker presents Is the Mortgage Interest Deduction For Real? posted at Mom and Dad Money, saying, “When people talk about the financial benefits of home ownership, one of the big points they typically make is that the interest paid on the mortgage is deductible. This is only semi-true and in any event is not really the big win that many people claim it is. So today I’d like to run through the reasons why the mortgage interest deduction is not always all it’s cracked up to be.”

Tax Act

filing

Bill Smith presents TurboTax Is Integrating With EHealth posted at 2013 Taxes, saying, “eHealth, the United States’ predominant private Internet health insurance exchange, has announced that it will enter into a partnership with Intuit Inc..”

retirement

John Schmoll presents Should You Pay Off Debt or Invest in the Stock Market First? posted at Frugal Rules, saying, “There can be a fine balance between paying off debt or investing in the stock market first. The truth is that it’s a personal decision and one that will aid your wealth building, debt reduction and saving for retirement at the same time.”

John Schmoll presents When It Comes To Investing, Be The One Who Dives In Head First posted at Frugal Rules, saying, “Many allow fear to hold them back when it comes to investing in the stock market. However, if you give yourself some practical lessons you can put yourself in better standing to build a retirement portfolio and begin to grow your wealth.”

tax law

Bill Smith presents Tax Help 101: Casualty, Disaster, And Theft Losses posted at 2014 Taxes, saying, “Financial losses incurred because of disasters, casualties, or theft may be tax-deductible.”

taxes

Laura Anderson presents Expert Insights: Nanny Tax Myths with Guy Maddalone of GTM Payroll Services, Inc. posted at eNannySource, saying, “When it comes to employing a nanny, it’s important to know what’s true and false. Guy Maddalone, founder and president of GTM Payroll Services, Inc. and household payroll and tax expert, provides some important insight that can help separate fact from fiction.”

Bill Smith presents IRS Fresh Start Program posted at 2012 Taxes – Free Tax Filing Options, saying, “There is a new system called the IRS Fresh Start Program which aims to make it easier for people to pay back taxes and avoid a lien coming against them. There are three major parts to the IRS program.”

tips

Bill Smith presents Guidance For Personal Finance That Can Save These Days posted at 2012 Tax – Free Tax Filing Options, saying, “The government has become a popular source of security but real financial security is found at home when you reduce debt and have a savings.”

Bill Smith presents Free SCORE Tax Tips posted at 2010 Tax, saying, “Having your own small business can be a rewarding experience. There are many aspects that can be difficult to accomplish on your own though.”

That concludes this edition.  Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.


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