tuition – The Burns Firm – Advisors of Complex Financial Matters

Is college financial aid taxable? A crash course for families

July 1st, 2025|Categories: Accountant, accountant near me, Burns Firm, College Savings Plan, College Tuition, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Tax, tax accountant, Tax Advisor, Texas CPA, The Burns Firm|Tags: Are Tuition Discounts Tax-Free, College Financial Aid, College Tuition, CPA, cpa near me, Dallas CPA, Is Gift Aid Tax-Free, tax, tax advisor, Texas CPA, The Burns Firm, tuition|

College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year. The average [...]

Are Scholarships Tax-free or Taxable?

August 6th, 2020|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|Tags: are scholarships taxable, CPA Dallas, school tuition scholarship, tax credits, tax preparation, tax return preparation, tax-free scholarship, taxable items, The Burns Firm, tuition|

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and some parents will [...]

Use a Coverdell ESA to Help Pay College, Elementary and Secondary School Costs

November 7th, 2019|Categories: Accounting, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation|Tags: Coverdell Education Savings Account, CPA, ESA, higher education, saving for school, school expense, The Burns Firm, tuition, use ESA for school costs|

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for [...]