: About Me

I am a professional tax consultant with 35 years experience preparing individual and business tax returns for people in all walks of life, from professional football players and actors to doctors and architects to secretaries and clerks.

I am a member of the National Association of Tax Professionals and the National Society of Tax Professionals.

I am a lifelong resident of Jersey City, New Jersey.

After the "tax season" is over I enjoy travel via all methods (bus, train, ship and plane), going to the theatre (local, regional, off-Broadway and Broadway), and "blogging".

I write THE WANDERING TAX PRO blog, which reports up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and lots of other interesting "stuff".

The website of my 1040 tax practice is www.robertdflach.net.

Personal Finance > Taxes How to get the most out of a flexible spending account

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For many employers the fall is time for "open enrollment" for various employee benefits, including dependent care and health care "flexible spending accounts" (FSA). If your employer offers an FSA you should consider participating you can realize substantial tax savings from such a plan. Participants in an employer-sponsored dependent care and health care FSA can set aside a specific dollar amount of their salary each year to pay for qualifying child-care or medical expenses during the year. The maximum amount that can be set aside for a dependent care plan is $5,000. There is no statutory...

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