child tax credit – The Burns Firm – Advisors of Complex Financial Matters

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 [...]

Tax Breaks in 2025 and How The One, Big, Beautiful Bill Could Change Them

June 10th, 2025|Categories: Accountant, Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Electric Vehicle, Electric Vehicle Credits, Estate Tax, Gift Tax, One Big Beautiful Bill 2025, Tax, Tax Advisor, Tax Breaks, The Burns Firm|Tags: 2025 Tax Breaks, Auto Loan Interest, child tax credit, CPA, cpa near me, CTC, Dallas CPA, electric vehicles, Estate and Gift Tax Exemption, North Texas CPA, One Big Beautiful Bill, standard deduction, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being [...]

Financial Relief for Families: The Benefits of the Child Tax Credit

February 20th, 2025|Categories: Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, CTC, Dallas CPA, Deductions, Tax, Tax Advisor, Tax Credits, Tax Cuts and Jobs Act, Tax Deductions, TCJA, Texas CPA, The Burns Firm|Tags: child tax credit, cpa near me, CTC, Dallas CPA, tax, tax accountant near me, tax advisor, tax credits, TCJA, Texas CPA, The Burns Firm|

The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or you’ve benefited from it [...]

Don’t Overlook the Child Care Tax Credit

April 16th, 2024|Categories: Accountant, Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA near me, Dallas CPA, Sec. 45F, Tax, tax accountant, Tax Advisor, Tax Credits, Tax Depreciation, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: child tax credit, cpa near me, Dallas CPA, Sec. 45F credit, tax, tax accountant, tax advisor, tax credits, The Burns Firm|

For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax credit. But [...]

Your 2022 Tax Bill May Ring in Higher

February 21st, 2023|Categories: Accountant, Burns Firm, Charitable Donations, Child Tax Credit, CPA, CPA Dallas, Dallas CPA, Dependent Care credits, Kiddie Tax, Tax, Tax Advisor, Tax Credits, Tax Deductions, The Burns Firm|Tags: 2022 Tax Bill, Charitable Contribution Deduction for Non-Itemizers, Child and Dependent Care Assistance Credit, child tax credit, cpa near me, Dallas CPA, Employer-Provided Child Care Exclusion, Higher Tax Bill for 2022, Premium Tax Credits, tax advisor, tax credits, The Burns Firm|

It's that time of year again: tax season. Temporary tax relief measures that were provided during the pandemic have expired, so the changes to the tax rules for 2022 are [...]

Child Tax Credit: The Rules Keep Changing But It’s Still Valuable

February 16th, 2023|Categories: Accountant, Accounting, Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA near me, CTC, Kiddie Tax, Services, Tax, Tax Advisor, Tax Credits, The Burns Firm|Tags: child tax credit, cpa near me, CTC, CTC for Qualifying Child, Dallas CPA, tax, tax credit, The Burns Firm|

If you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have changed significantly over the last six [...]

Bring Home a Tax Credit for Adoption

April 12th, 2022|Categories: Accountant, Accounting, Burns Firm, Child Tax Credit, CPA, CPA Dallas, Dallas tax return preparer, Dallas tx accountant, Dependent Care credits, Services, Tax, Tax Credits, Tax Deductions, Tax Preparation, Tax Return, The Burns Firm|Tags: adoption tax credit, child tax credit, CPA Dallas, cpa near me, Dallas CPA, do I get a tax credit if I adopt, tax credits, tax preparer near me, The Burns Firm, what expenses qualify for a deduction when I adopt|

When you adopt a child, you could bring home more than a bundle of joy. You may also be in line for a valuable tax credit. For 2022, a tax credit [...]

Many Parents Will Receive Advance Tax Credit Payments Beginning July 15

June 8th, 2021|Categories: Accounting, American Rescue Plan, American Rescue Plan Act, Burns Firm, Child Tax Credit, Covid-19, CPA Dallas, Dallas CPA, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: advance payment due date, advance tax credit payment, can I claim a child on my tax return, child tax credit, child tax credit and my tax return, child tax credit on my tax return, claiming children on tax return, CPA Dallas, Dallas CPA, do I qualify for advance payment for my child, how will I get my advance payment, tax accountant near me, tax preparer near me, tax return, The Burns Firm, what is a qualifying child, when will I get my advance payment for child tax credit, who can prepare my personal tax return|

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue [...]

Eligible Parents Will Begin Receiving Advance Child Tax Credits July 15

May 19th, 2021|Categories: Accounting, Child Tax Credit, CPA Dallas, Dallas CPA, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2021 child tax credit, 2021 CTC, am i eligible for the new child tax credit, child tax credit, CPA Dallas, CTC, Dallas CPA, does my child qualify me for the child tax credit, tax preparer near me, The Burns Firm, what is a child tax credit|

The 2021 advance child tax credit (CTC) payments, which were established under a recent law, will begin being made on July 15, 2021, the IRS announced. The tax agency also [...]

New Law: Parents and Other Eligible Americans to Receive Direct Payments

March 18th, 2021|Categories: Accounting, American Rescue Plan Act, Burns Firm, Child Tax Credit, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|Tags: child tax credit, CPA Dallas, Dallas CPA, do I qualify for the American Rescue Plan Act, tax preparation, tax preparer near me, tax return preparation, tax return preparer near me, what credits can i get on my tax return, what is the American rescue plan act|

The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial relief to help mitigate the effects of the COVID-19 pandemic. Among the [...]