itemized deductions – The Burns Firm – Advisors of Complex Financial Matters

New Itemized Deduction Limitation Will Affect High-Income Individuals Next Year

November 20th, 2025|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Donations, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, The Burns Firm, Year-End Tax Planning|Tags: CPA, CPA Dallas, cpa near me, Itemized Deduction Rules for 2026, itemized deductions, New Itemized Deduction Rules, OBBBA, tax, tax advisor, Tax planning, tax rules, TCJA, Texas CPA|

Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you can take before the [...]

Teachers and Others Can Deduct Eligible Educator Expenses This Year — and More Next Year and Beyond

September 2nd, 2025|Categories: accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Educator Expenses, Expenses, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: CPA Dallas, cpa near me, deductions, Eligible Educator Expenses, itemized deductions, tax, tax advisor, teacher deductions, teacher expenses, Texas CPA, The Burns Firm|

At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies, backpacks, clothes, etc., for the new [...]

To Itemize or Not to Itemize?

December 12th, 2024|Categories: Accountant, accountant near me, Burns Firm, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Dependents, Medical Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Return, Tax Return Filing, Tax Return Preparer, Tax Rules, tax write-offs, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, itemized deductions, Itemizing for 2024, Personal Tax and Itemizing, Should I Itemize My Deductions, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm, What Can I Use for Itemized Deductions|

With the tax year winding down, it's time to evaluate your personal tax situation. Will you claim the standard deduction or itemize deductions on your 2024 tax return? The [...]

Does Prepaying Property Taxes Make Sense Anymore?

December 4th, 2018|Categories: Accounting, Burns Firm, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: CPA, itemized deductions, itemizing on tax return, prepay property tax, property tax, property tax payments, tax, tax return preparation, TCJA, The Burns Firm, when should i pay property tax|

Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still [...]