SALT deductions

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

February 19th, 2026|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, SALT Deduction Cap, SALT Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Filing Status, Tax Preparation, tax preparer near me, Tax Return Filing, Texas CPA, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, Increased Limit on SALT Deduction, Itemizing vs Standard Deduction, OBBBA, SALT deductions, tax, tax advisor, tax return deductions, tax return preparation, Texas CPA, The Burns Firm|

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill [...]

Close-Up on the Individual AMT

January 13th, 2022|Categories: Accounting, Alternative Minimum Tax, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: alternative minimum tax, AMT, AMT expert, AMT expert near me, CPA Dallas, Dallas CPA, SALT deductions, tax, tax preparer near me, tax pro near me, what is alternative minimum tax|

The individual alternative minimum tax (AMT) rules were made more taxpayer-friendly for 2018 through 2025 by the Tax Cuts and Jobs Act (TCJA). The odds that you'll owe the AMT for [...]