Adoption – The Burns Firm – Advisors of Complex Financial Matters

Parents: Claim All the Tax Credits You’re Entitled To

February 26th, 2026|Categories: accountant near me, Adoption, Adoption Tax Credits, Adult Dependent, American Opportunity Tax Credit, Burns Firm, Charitable Donations, Child Care Credit, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dependent Care Credit, Dependent Care credits, Dependents, Education Expenses, Educator Expense Tax Deduction, Form 1040, Higher Education Credits, Income Tax, Kiddie Tax, Lifetime Learning Credit, Student Loan Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Depreciation, Tax Preparation, tax preparer near me, Tax Return, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: Adoption Credit, American Opportunity credit, Child Care Credits, Child Dependent Credit, Claim Tax Credits on Your Tax Return, CPA, cpa near me, Credit for Other Dependents, Dallas CPA, Dependent Care Credit, Higher Education Credit, Lifetime Learning credit, tax, tax advisor, tax credits, tax preparer, Texas CPA, The Burns Firm|

Raising a family comes with plenty of expenses, but it may also make you eligible for various tax breaks. Some of the most valuable are tax credits, because they [...]

7 Breaks for Families Under the New Tax Law

August 7th, 2025|Categories: Adoption, Adoption Tax Credits, Burns Firm, Child Care Credit, Child Tax Credit, CPA, CPA Dallas, CPA near me, Dallas CPA, Dependent Care Credit, Dependent Care credits, Dependent Care FSAs, Dependents, Section 529, Trump Accounts|Tags: Adoption Credit, child and dependent care credit, child tax credit, CPA, CPA Advisor, CPA Dallas, CPA firm in Dallas, cpa near me, Credit for Other Dependents, dependent care FSA, section 529 plans, tax, tax advisor, tax breaks, Tax Breaks for Families, The Burns Firm, Trump Accounts|

The One, Big, Beautiful Bill Act (OBBBA), which was enacted on July 4, generally extends and expands tax provisions that were scheduled to expire at year end. Here are [...]

8 Life Events that May Change Your Tax Situation

May 27th, 2025|Categories: Accountant, accountant near me, Adoption, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Divorce, Marriage and Tax Status, Retirement, Tax, tax accountant, Tax Advisor, Tax Filing Status, tax write-offs, Texas CPA, The Burns Firm|Tags: Adoption, Buying a Home, Change in Tax Status, cpa near me, Dallas CPA, divorce, Life Events Change Tax Situation, Marriage, Retirement, selling a home, tax, tax advisor, Texas CPA, The Burns Firm, What Causes a Change In Tax Status|

Life is full of changes, and many significant milestones can affect your tax situation in unforeseen ways. Whether you're getting married, welcoming a new child, starting a new job [...]

Adoption Tax Credits: Easing the Financial Journey of Parenthood

January 7th, 2025|Categories: Adoption, Adoption Tax Credits, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Tax, Tax Advisor, Tax Credits, Texas CPA, The Burns Firm|

There are two tax breaks that help eligible parents offset the expenses of adopting a child. In 2025, adoptive parents may be able to claim a credit against their [...]

Federal Tax News for Individuals

March 26th, 2024|Categories: 401K, Accountant, Adoption, Burns Firm, Charitable Donations, CPA, CPA Dallas, CPA near me, Dallas CPA, Tax, Tax Advisor, Tax Withholding, The Burns Firm, Withholding|Tags: 401K contributions, 401K contributions for 2024, Charity Scams, cpa near me, Dallas CPA, tax, tax advisor, Tax Benefits for Adoption, tax news for individuals, Tax planning, The Burns Firm, Withholding, Withholding Check|

New 401(k) contribution limits for 2024 In 2024, individuals will be able to contribute more to their 401(k) plans, up to $23,000. The same is true for 403(b) plans [...]

Tax Planning Can Reduce Adoption Costs

February 14th, 2023|Categories: Accountant, Adoption, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, Tax Advisor, Tax Credits, Tax Planning, The Burns Firm|Tags: Adoption, Adoption Costs, adoption tax credit, CPA Dallas, cpa near me, Dallas CPA, How does the adoption tax credit work, tax, Tax and Adoption, The Burns Firm|

Adoptions plummeted during the COVID pandemic, but the adoption rate is slowly rebounding. If you're among those considering adopting a child, you need to know about the various tax breaks that [...]

Adopting a Child? Bring Home a Tax Break Too

November 22nd, 2022|Categories: Accountant, Accounting, Adoption, Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA75248, CPADallas, Dallas CPA, Kiddie Tax, Tax, Tax Advisor, Tax Deductions, Tax Preparation, The Burns Firm|Tags: Adopt a Child, Adoption, CPA Dallas, Qualified Expense when Adopting, Tax Break when you adopt, tax breaks, The Burns Firm|

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax for [...]