DAVID S. BABOIAN, CPA, PC

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1/5/2016

January 05th, 2016

Read Now
 
TAX TIP OF THE DAY... save up to $1k by using a DAYCARE  flexible spending account.

Which is better?  1) Daycare tax credit on your tax return OR 2) daycare FSA at work.  For most people, the FSA is best and saves you up to $1,033 more per year.  But the true answer varies based upon factors:  # of children, daycare amount, your tax bracket, W-2 amount.  

A daycare FSA...  The employer takes funds directly from your paycheck and places into a special daycare bank account with your name on it.  The money is pre-tax which means it reduces your W-2 taxable wages saving you federal income tax, social security tax and medicare tax.  There are more +/- details.  


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We are accepting new clients and appreciate your referrals!

If you need any help... www.baboiancpa.com


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    David S. Baboian, CPA

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  • Home
  • Services
    • What we do
    • Are we right for you?
    • $99 Jump-start
  • Client zone
    • Individual clients >
      • Identity Theft - IRS Affidavit
      • Personal Financial Statement
    • Business & rental clients >
      • Example expenses
      • Mileage log
      • Petty cash log
      • Sales tax
      • W9 for subcontractor
      • Example Profit & Loss
      • Obamacare Self-employment Ledger
    • Payroll services >
      • Employee paystub portal
      • EMPLOYER set up forms
      • EMPLOYEE set up forms for new hires
    • Web Links
  • About us
    • Contact
    • Our team
    • Dave's resume
    • Dave's bands
    • Haunted Chamber
    • Picture gallery
  • Secure email