Student Loan Interest – 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 [...]

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 [...]

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 [...]

Deposit Interest into Five Tax Buckets

December 12th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tx accountant, Interest, Investment Interest, Investments, Mortgage Interest, Services, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Cuts, Tax Deductions, Tax Planning, Tax Rates, TCJA, The Burns Firm|Tags: Business Interest, CPA, cpa near me, Dallas CPA, Interest Rates, Investment Interest, mortgage interest, Personal Interest, Student loan interest, tax, tax accountant, tax accountant near me, tax advisor, Tax Cuts and Jobs Act of 2017, TCJA, The Burns Firm|

Interest rates rise and fall periodically, but the tax rules for deducting interest expenses remain the same — unless Congress changes them. Generally, the current rules have been in place [...]