DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

New ABLE accounts are now available

New ABLE accounts are now available

New ABLE accounts are now available

The Tax Increase Prevention Act of 2014 that was signed last December mainly affected the year 2014 as it extended for that year only some 50 tax breaks

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Don't lose out on the 2014 gift tax exclusion

Don't lose out on the 2014 gift tax exclusion

Don't lose out on the 2014 gift tax exclusion

Time is running out for making 2014 tax-free gifts. You have only a few more months to use your annual gift tax exclusion for this year, or it's gone forever.

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Non-taxable Income for Those in the Armed Services

Non-taxable Income for Those in the Armed Services

Non-taxable Income for Those in the Armed Services

One of the benefits available to the men and women of our Armed Services and, in many cases, staff supporting them is the ability to exclude items from taxable income. Here is a list of the most common items that may often be omitted from income tax.

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Tax-Free Roth IRA Withdrawal Options

Tax-Free Roth IRA Withdrawal Options

Tax-Free Roth IRA Withdrawal Options

What every Roth IRA account holder should know

You must take care to plan your retirement plan withdrawals to avoid a potential 10% early withdrawal penalty. Unfortunately, each retirement account type has different rules. Here are some tips for Roth IRAs.

Roth IRA basics

Roth IRA accounts differ from other IRAs in that your contributions are made in after-tax dollars. If you follow the Roth IRA rules, your withdrawals of any earnings in the account can be tax-free. Generally, to take advantage of the tax-free distribution from a Roth IRA:

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