Monthly Archives: January 2014

January Tax Tip

If your other accounts provide enough to support your retirement lifestyle, consider delaying withdrawals from your tax-deferred retirement accounts. Our Bergen County CPA office offers you insight to this. Waiting lets your money continue to grow tax-free. Just be sure you don’t overlook distribution requirements. They vary depending on type of retirement account and your personal situation. We cater to… (more…)

Take a Tax Credit for Saving!

Depending on your income, you might qualify for a tax credit of up to $1,000 for contributing to an IRA or other retirement plan. Our Bergen County CPA office offers you insight to this. Don’t overlook this “saver’s credit” as an opportunity to both cut your 2013 tax bill and increase your retirement nest egg. You have until April 15,… (more…)

Check Out these Tax Tips if You are Caring for Elderly Parents

Caring for elderly parents?  Our Bergen County CPA office offers you insight to this.  Check out some tax tips that you may not be aware of: * If you provide more than half of your parent’s support, you may be able to claim your parent as a dependent on your tax return. To be eligible, your parent can’t earn more… (more…)