Itemized Deductions – The Burns Firm – Advisors of Complex Financial Matters

Self-Employed? You May Be Eligible for the Home Office Deduction

August 13th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Tax Planning, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Home Office, Home Office Deduction, Home Office Expenses, Indirect vs Direct Expenses, Itemized Deductions, Record Keeping for Business, Recordkeeping for Travel Expense, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, Tax Rules, tax write-offs, Texas CPA, The Burns Firm, Travel Expense, Travel Write-offs for Business|Tags: CPA, cpa near me, Dallas CPA, Direct Expenses vs Indirect Expenses, home office deductions, Home Office Deductions on Tax Return, self-employed, tax, tax accountant near me, tax advisor, tax preparation, tax preparer near me, Texas CPA, The Burns Firm, What Are Indirect Expenses|

Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for their employer's convenience. But [...]

4 Types of Deductible Interest Expense for Individuals

April 7th, 2026|Categories: Accountant, accountant near me, Auto Loan Interest, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Interest, Interest Deductions, Interest Expense Deduction, Investment Interest, Itemized Deductions, Mortgage Interest, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, Student Loan Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: Auto Loan Interest, CPA, cpa near me, Dallas CPA, Deductible Interest Expense, Deducting Interest on Tax Return, Interest Expense, Investment Interest, mortgage interest, Student loan interest, tax, tax advisor, Texas CPA, The Burns Firm, What Interest Can Be Deducted on my Personal Tax Return|

How can you deduct interest expense on your 2025 individual federal income tax return and beyond? Let us count the ways. Although personal interest expense isn't deductible in general [...]

Can I Itemize Deductions On My Tax Return?

February 27th, 2025|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA in NOrth Texsa, CPA near me, CPA Texas, Dallas CPA, Deductions, Itemized Deductions, Medical Deductions, Medical Expenses, Mortgage Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, itemizing on tax return, Itemizing vs Standard Deduction, North Dallas CPA, North Texas CPA, standard deduction, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm, What Deductions Can I Claim on My Return, What Deductions Can I Take on My Tax Return|

You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because [...]