education expense

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 [...]

Six Education Tax Breaks on the Books

November 22nd, 2019|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: american opportunity tax credit, AOTC, CPA Dallas, education expense, education expense deductions on tax return, education tax breaks, Lifetime Learning credit, LLC, section 529 plans, student loan interest deduction, tax, tax deductions, tax returns, The Burns Firm|

It costs a pretty penny to send a child to college or private school these days. But at least the federal tax code may provide some relief, within certain limits. [...]