Elderly – The Burns Firm – Advisors of Complex Financial Matters

You May Be Entitled to Tax Breaks If Caring For An Elderly Relative

June 13th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dependent Care Credit, Dependent Care credits, Dependents, Elderly, Tax, Tax Advisor, Tax Credits, Tax Deductions, Texas CPA, The Burns Firm|Tags: Caring for Elderly Relative, cpa near me, Dallas CPA, Dependent Care Tax Credit, Elderly Care, Medical Expense Deduction, Nonchild Dependent Credit, tax, tax advisor, tax benefits for elderly care, Tax Break if Caring for Elderly Relative, tax deductions, Texas CPA, The Burns Firm|

There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing the person to receive [...]

When Can Seniors Deduct Medicare Premiums on Their Tax Returns?

July 11th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Deductions, Elderly, Expenses, Medical Expenses, Medicare Premiums, Medicare Tax, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: Are Medicare premiums a medical expense, Can I deduct my Medicare premiums on my tax return, CPA Dallas, cpa near me, Deducting Medicare payments, Deducting Medicare Premiums on Tax Return, Medicare, medicare premiums, tax, tax advisor, tax advisor near me, The Burns Firm|

If you’re 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be [...]

Can a Modest-Income Elderly Person Stop Filing Tax Returns?

March 2nd, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dependent Care credits, Elderly, Tax, tax accountant, Tax Advisor, Tax Return, Tax Return Filing, The Burns Firm|Tags: Can Elderly Stop Filing Tax Returns, CPA Dallas, cpa near me, Do The Elderly Need to File Tax Returns, Elderly Taxpayers, tax filing, tax return preparation, The Burns Firm|

As you know, we spend a lot of time in this e-newsletter talking about tax return filing responsibilities. But not everyone is required to file. If a person's income [...]