Summer Vacation-5 Facts about Childcare Tax Credits
July 12, 2010 | 
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Your summer day care expenses may qualify for an income tax credit.
Many parents who work or are looking for work must arrange for care of their children (under the age of 13) during summer vacation. These expenses could qualify you for a credit on next year’s tax return.
The Child and Dependent Care Credit is available during the summer (and throughout the rest of the year). Here are 5 facts you need to know:
- The cost of day camp may count as an expense towards the child and dependent care credit.
- Expenses for overnight camps do not qualify.
- If your childcare provider is a sitter at your home or a daycare facility outside the home, you’ll get some tax benefit if you qualify for the credit.
- The actual credit can be up to 35 percent of your qualifying expenses, depending upon your income.
- You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit.
Submitted by Sam Cohen
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Glass Jacobson’s Tammy Schneider Elected President of Camp Fire USA Baltimore
July 7, 2010 | Subscribe to our RSS Feed
FOR IMMEDIATE RELEASE
CONTACT:
Jeffrey Bukowski
Bukowski Public Relations
443-655-3774
jdbukowski@bukowskipr.com
Glass Jacobson’s Tammy Schneider Elected President of Camp Fire USA Baltimore
Will Serve Two-Year Term for Learning and Leadership Organization
OWINGS MILLS, Md. – July 7, 2010 – Camp Fire USA Baltimore, a leading experiential learning program, is pleased to announce the election of Tammy Schneider as the organization’s president and chairperson of the board. Ms. Schneider’s term begins immediately.
She replaces Erin Lineberry of Laureate Education, who served a two-year term prior and will continue to serve on the board.
Under Schneider’s leadership, the board will focus on securing additional, ongoing support, particularly from the corporate sector.
“I am extremely proud to serve as president and chair for this very important organization,” Ms. Schneider said. “I have had the privilege of serving on the board with a great group of people and am eager to oversee Camp Fire USA Baltimore as we continue to grow and make a difference in the lives of Maryland children.”
Ms. Schneider is an accountant at Owings Mills-based CPA wealth management firm Glass Jacobson, where she uses her expertise to help business owners achieve their business and personal financial goals, and has long specialized in guiding women business owners. In addition to her long-standing work at Campfire USA Baltimore, she also sits on Junior Achievement MD’s Associate Council and contributes bi-monthly articles to the Independent Insurance Agents of MD’s “Maryland Messenger” publication. Ms. Schneider is a supporting member National Association of Women Business Owners (NAWBO) and volunteers time with Mechanicsville Elementary School PTA, Carroll County YMCA Sports, Oasis Homeless Shelter and her church.
About Camp Fire USA Baltimore
Serving hundreds of young people annually through after-school programs and summer day camps, Campfire USA Baltimore builds caring, confident youth and future leaders. Through its
socially responsible and environmentally focused experiential learning programs, Campfire USA Baltimore teaches children to be creative, work together as a team, communicate their ideas and manage conflicts. For more information, please visit http://www.discovercfusa.org.
About Glass Jacobson
Founded in Baltimore in 1962 as a traditional CPA firm, Glass Jacobson has evolved into a wealth management firm to better serve its clients’ diverse, ever-growing financial needs. Today, the firm’s unique Wealth Management Model brings together the essential services of Investment Management, Advanced Planning and Relationship Management, and delivers them with unparalleled expertise and professionalism.
Serving as a personal CFO, Glass Jacobson looks beyond the numbers to get to the core of every client’s financial situation. The firm delivers a full team of in-house CPAs, investment advisors, financial planners and insurance specialists to every client. To learn more about Glass Jacobson, please see www.glassjacobson.com.
2010 Estate Tax and Charitable Giving
June 30, 2010 | Subscribe to our RSS Feed
So far, there is no estate tax in place for 2010. That means if you bequeath money to charity in your will, that bequest won’t save any estate tax as it had in the past.
So, instead of a tax-useless charitable bequest, make a specific bequest to your heirs with a non-biding request that they make the requested charitable contribution. The heir will obtain an income tax charitable contribution deduction which is quite a tax improvement.
Submitted by Sam Cohen
Questions?
Success for Emerging Technology Companies
June 25, 2010 | Subscribe to our RSS Feed
*** MEDIA ADVISORY ***
Glass Jacobson Sponsors Presentation by Paul Palmieri, President and CEO, Millennial Media
EXCELLENT INTERVIEW OPPORTUNITY WITH MOBILE ADVERTISING GURU
Owings Mills-based wealth management and CPA firm Glass Jacobson is pleased to sponsor a presentation by Millennial Media President and CEO Paul Palmieri to be held at the offices of Emerging Technology Centers (ETC) on Tuesday, July 29. Mr. Palmieri is a pioneer and industry leader in the global mobile entertainment and data marketplace, and will share his expertise regarding challenges entrepreneurs faced on the road to success, how they overcame obstacles and the lessons they want to pass on.
WHAT: “ETC Success Stories: Paul Palmieri” sponsored by Glass Jacobson
WHERE: Emerging Technology Centers
2400 Boston Street, 3rd Floor
Baltimore, MD 21224
WHEN: Tuesday, June 29, 2010
12:00 – 1:00 p.m.
RSVP: You may register for the presentation by visiting http://etcsuccessmillennialmedia.eventbrite.com/
As Millennial Media’s President and CEO, Mr. Palmieri is responsible for leading the company’s growth and industry leadership. He has guided the company from startup to its current position as the leading mobile advertising network in the U.S. by focusing on the needs of advertisers, innovative technologies and industry growth. He was recently named “2010 Ernst & Young Entrepreneur of the Year.” We look forward to seeing you there.
About Glass Jacobson
Founded in Baltimore in 1962 as a traditional CPA firm, Glass Jacobson has evolved into a wealth management firm to better serve its clients’ diverse, ever-growing financial needs. Today, the firm’s unique Wealth Management Model brings together the essential services of Investment Management, Advanced Planning and Relationship Management, and delivers them with unparalleled expertise and professionalism.
Serving as a personal CFO, Glass Jacobson looks beyond the numbers to get to the core of every client’s financial situation. The firm delivers a full team of in-house CPAs, investment advisors, financial planners and insurance specialists to every client. To learn more about Glass Jacobson, please see www.glassjacobson.com