standard deduction – The Burns Firm – Advisors of Complex Financial Matters

New Tax Rules Have Been Set: Start Planning Now

September 4th, 2025|Categories: accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, New for 2025, Tax, tax accountant, Tax Advisor, Tax Breaks, Tax Deductions, Tax Law, Tax Planning, Texas CPA, The Burns Firm|Tags: CPA, CPA Dallas, cpa near me, deductions, New Deduction for Seniors, New Tax Laws 2025, standard deduction, tax, tax advisor, tax law, Tax planning, Tax Planning Tips, Texas CPA, The Burns Firm|

Individual taxpayers faced significant tax planning uncertainty for the first six months of the year. Many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) were scheduled to [...]

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 [...]

Can I Itemize Deductions On My Tax Return?

February 27th, 2025|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA in NOrth Texsa, CPA near me, CPA Texas, Dallas CPA, Deductions, Itemized Deductions, Medical Deductions, Medical Expenses, Mortgage Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, itemizing on tax return, Itemizing vs Standard Deduction, North Dallas CPA, North Texas CPA, standard deduction, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm, What Deductions Can I Claim on My Return, What Deductions Can I Take on My Tax Return|

You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because [...]

How the Tax Law Hits Charitable Giving

November 8th, 2018|Categories: Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: charitable deduction, charitable giving, CPA, deduction limits, deductions for tax, qualified charitable deduction for tax purposes, standard deduction, Tax planning, tax return, TCJA, The Burns Firm CPA's|

For charitable donors, the Tax Cuts and Jobs Act (TCJA) giveth and it taketh away. Here's what charity-minded individuals need to know. Increased Charitable Deduction Limit Under prior law, deductions [...]