Education Expenses – 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 [...]

The ABCs of 529 Plans and ABLE Accounts under the OBBBA

September 23rd, 2025|Categories: 529 Plan, ABLE, Accountant, Burns Firm, College Savings Plan, College Tuition, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Education, Education Expenses, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Cuts, Tax Deductions, Tax Law, Texas CPA, The Burns Firm|Tags: 529 plan, ABLE Accounts, CPA, cpa near me, Dallas CPA, education expense, OBBBA, tax, tax advisor, tax deductions, The Burns Firm|

Section 529 plans are most commonly used as a tax-favored way to save and pay for college expenses. You might be reluctant to open a 529 account for your [...]

Tax Advice for Recent College Grads

May 13th, 2025|Categories: American Opportunity Tax Credit, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Education, Education Expenses, Student Loan Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Return, Tax Return Filing, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: American Opportunity credit, CPA, cpa near me, Dallas CPA, education credits, How Long Can My Parents Claim Me on Their Tax Return, Student Loan Repayment Tax Break, tax, tax CPA, tax filing, Texas CPA, The Burns Firm|

New college graduates will face some of the harsh realities of adulthood, including paying taxes, filing their own tax returns and possibly coordinating with their parents to achieve the [...]

10 Tax Breaks to Consider on Extended Returns

September 5th, 2024|Categories: 1031 Like-Kind Exchange, Accountant, Burns Firm, Charitable Donations, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Education, Education Expenses, EV Credits, Higher Education Credits, Home Energy Credits, Home Office Deduction, Medical Deductions, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: 1031 like-kind exchange, Charitable Gifts, CPA, cpa near me, Dallas CPA, Family Tax Credits, Higher Education Credits, Home Energy Credits, home office deductions, medical deductions, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15, 2024, to be exact — [...]

Get to Know the Educator Expense Tax Deduction

June 25th, 2024|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Education, Education Expenses, Educator Expense Tax Deduction, Expenses, Tax, Tax Advisor, Tax Credits, Tax Deductions, tax write-offs, Texas CPA, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, Educator, Educator Expense, Educator Expense Tax Deduction, tax, tax accountant, tax advisor, Tax Deduction for Educators, Teacher, Texas CPA, The Burns Firm|

Are you a teacher or other educator who often pays for classroom supplies out of your own pocket? Your main objective is to improve the learning experience of the kids, [...]

New Option for Unused Funds in a 529 College Savings Plan

February 29th, 2024|Categories: 529 Plan, Accountant, Burns Firm, College Savings Plan, CPA, CPA Dallas, CPA near me, Dallas CPA, Education, Education Expenses, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: 529 College Savings Plan, CPA Dallas, cpa near me, Dallas CPA, How to use the unused funds from college savings plan, ROTH IRA, tax, tax advisor, The Burns Firm, Transfer unused 529 plan money to Roth IRA, Unused Funds in 529 College Savings Plan|

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax [...]

Tax Breaks for Employer-Paid Education Expenses

February 27th, 2024|Categories: accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Write-offs, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Education, Education Assistance Plan, Education Expenses, Employee Benefits, Employer-Paid Education Expenses, Sec. 127 Plan, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, Educational Assistance Plans, Employer Deductions, Employer-Paid Education Expenses, Reimbursement for Job-Related Qualified Education Expenses, Sec. 127, tax, tax advisor, Tax Break for Employer-Paid Education Expenses, The Burns Firm|

Is your business struggling with a shortage of skilled workers in today's tight labor market? One possible option is to invest in education programs to upskill your current employees. This [...]