Casualty Loss – The Burns Firm – Advisors of Complex Financial Matters

If You Suffered a Disaster, You May Be Eligible for a Casualty Loss Tax Deduction

January 29th, 2026|Categories: Accountant, accountant near me, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Disaster Relief, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Cuts and Jobs Act, Tax Deductions, TCJA, The Burns Firm|Tags: \What Can Be Deducted for Casualty, Casualty Deductions, casualty loss tax deduction, CPA, cpa near me, Dallas CPA, Disasters, OBBBA, tax accountant, tax law, tax rules, TCJA, Texas CPA, The Burns Firm|

Every year, severe storms, flooding, wildfires and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property. The One Big Beautiful [...]

Ready, Set, Fire: 8 Tax Deductions You Might Not Know About

February 5th, 2025|Categories: Accountant, Burns Firm, Casualty Loss, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Deductions, EV, EV Credits, Home Energy Credits, Home Improvement Deductions, Home Office Deduction, Medical Deductions, Medical Expenses, Mortgage Interest, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return, Texas CPA, The Burns Firm, Vehicle Deductions|Tags: applications, Casualty Losses Deduction, Charitable Travel Deduction, cpa near me, Dallas CPA, Home Improvement Tax Deduction, Jury Duty Deductions, medical expense deductions, Points Paid on Home Mortgage Deduction, student loan interest deduction, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm|

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer taxpayers are itemizing today due to a bevy of changes in the Tax Cuts and Jobs [...]

Demystifying Personal Casualty Losses

March 5th, 2024|Categories: Accountant, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Tax, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return Preparer, tax write-offs, The Burns Firm|Tags: Can I Deduct Personal Casualty, cpa near me, Dallas CPA, Limited Deductions for Personal Casualty Losses, Personal Casualty Losses, tax advisor, The Burns Firm|

In recent years, many Americans have been the victims of natural disasters. If you're unfortunate enough to suffer a personal casualty loss, here are the federal income tax implications. Limited [...]

Casualty Loss Tax Deductions May Help Disaster Victims in Certain Cases

October 11th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Return, The Burns Firm|Tags: Casualty Loss Tax Deductions, Casualty Losses, CPA Dallas, cpa near me, Dallas CPA, tax advisor, Tax Break for Casualty Loss, The Burns Firm, What Is Considered to be a Casualty for Tax Purposes|

This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes, and other disasters. No matter where you live, unexpected disasters may cause damage to your home [...]