DeFreitas & Minsky, LLP Blog

Our accounting blog will give you insights year-round and keep you updated on the newest tax laws that could affect your bottom line.

The Tax Deadline for Roth IRA Contributions

As we discussed last week, the tax deadline for federal income returns is fast approaching. Unless you’re filing an extension to push your tax deadline back six months, you’ll be expected to file by April 15. Even though you can extend your federal income tax...

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2013 Tax Deadline for a Traditional IRA

April 15,2014 is everyone’s 2013 tax deadline for federal income returns, as I’m sure we’re all aware. However, if you’re worried you may not make it by April 15, you can get an automatic extension for six months, pushing your deadline back to October 15. To do this,...

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Tips for Retirement Savings

Last week we started looking into retirement plans such as 401ks and IRAs, and the different strategies that people use to manage their finances as they enter into retirement. Sometimes you don’t have to pay taxes on the money you invest into retirement plans, like...

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Retirement Savings IRA

Employee sponsored retirement plans, such as 401(k)s, are popular methods of saving for retirement for many working Americans. 401(k) contributions are made with pre-tax dollars, which means that tax payment on that money is deferred until the funds are removed from...

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SEP Plans for the Self-Employed

Individuals who are self-employed or own small businesses are subject to different rules and regulations when it comes to filing taxes. There are a number of options available to the self-employed and small business owners that aren’t available to others, and it’s...

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Filing Taxes after Divorce for Personal Exemptions

Jeeze, as if divorce wasn’t stressful enough, now tax season is almost here. If you haven’t taken the time to consider how filing taxes after divorce will impact you, it’s time to start thinking about it. When there is a divorce or separation, who is the custodial...

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Personal Exemptions for Parents

Taxes are the inevitable drain of your yearly earnings to Uncle Sam -- but understanding the different aspects of taxes will save you a ton at tax time, if you prepare. With tax season drawing ever-near, the window is slowly closing and your chances to save along with...

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Income Tax Bracket 2015

With the 2015 income tax season right around the corner, it’s time to start preparing. One of the first things to know when preparing for your taxes is to identify which income tax bracket you are in. The IRS defines a tax bracket as the portions that are taxed out of...

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5 Reasons to File Your 2014 Taxes Early

Tax season is approaching fast. You have three and a half months to file your 2014 taxes, but why wait until the last minute. You can file your 2014 taxes early instead of stressing out about them until April 15, 2015. There are no disadvantages when filing your taxes...

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