Retirement

8 Life Events that May Change Your Tax Situation

May 27th, 2025|Categories: Accountant, accountant near me, Adoption, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Divorce, Marriage and Tax Status, Retirement, Tax, tax accountant, Tax Advisor, Tax Filing Status, tax write-offs, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , , |

Life is full of changes, and many significant milestones can affect your tax situation in unforeseen ways. Whether you're getting married, welcoming a new child, starting a new job [...]

Ready, Set, Retire

May 7th, 2024|Categories: 401K, Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, IRA, Retirement, Retirement Plan, Tax, tax accountant, tax accountant near me, Tax Advisor, Taxable Income, Texas CPA, The Burns Firm|Tags: , , , , , , , |

Have you given any thought to your retirement? Even if you don't expect to retire anytime soon, the earlier you start planning how you'll transition from work to retirement, the [...]

Four Tax Challenges You May Encounter If You’re Retiring Soon

May 30th, 2023|Categories: Accountant, are social security benefits taxable, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Retirement, Services, Tax, Tax Advisor, Tax Planning, The Burns Firm|Tags: , , , , , , , , , |

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of [...]

SECURE 2.0 Law May Make You More Secure in Retirement

January 19th, 2023|Categories: 401K, Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, IRA, Retirement, Retirement Plan, SECURE Act, Tax, Tax Advisor, The Burns Firm|Tags: , , , , , , , , , |

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every [...]

Maximize Social Security Benefits When You Retire

July 15th, 2021|Categories: Dallas CPA, IRS, Social Security, Tax, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: , , , , , , , , , |

Get the most from Social Security. Younger retirees face a harsh penalty for working part-time. For every $2 earned over $18,960 in 2021 (up from $18,240 in 2020), you lose $1 [...]

Retiring Soon? 4 Tax Issues You May Face

June 29th, 2021|Categories: Accounting, Burns Firm, Estimated Tax, Retirement Plan, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , , , , , |

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and [...]

Retiring Soon? Recent Law Changes May Have an Impact on Your Retirement Savings

March 23rd, 2021|Categories: Accounting, Burns Firm, Retirement Plan, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: , , , , , , , , , , , , , , , , |

If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that a law was recently [...]

Thinking About Moving to Another State in Retirement? Don’t Forget About Taxes

June 11th, 2019|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Preparation, Tax Return|Tags: , , , , , , , , , |

When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local [...]

You May Be Able to Save More for Retirement in 2019

January 3rd, 2019|Categories: Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , |

Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and [...]

The Tax Impact of the TCJA on Estate Planning

July 3rd, 2018|Categories: Burns Firm, Tax, Tax Credits, Tax Planning, TCJA|Tags: , , , , , , , , , , , , , , , , , |

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and [...]

Factor in State and Local Taxes When Deciding Where to Live in Retirement

June 21st, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Planning|Tags: , , , , , , , , , , |

Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision. Income, property and sales tax [...]

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