EV Credits – The Burns Firm – Advisors of Complex Financial Matters

Ready, Set, Fire: 8 Tax Deductions You Might Not Know About

February 5th, 2025|Categories: Accountant, Burns Firm, Casualty Loss, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Deductions, EV, EV Credits, Home Energy Credits, Home Improvement Deductions, Home Office Deduction, Medical Deductions, Medical Expenses, Mortgage Interest, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return, Texas CPA, The Burns Firm, Vehicle Deductions|Tags: applications, Casualty Losses Deduction, Charitable Travel Deduction, cpa near me, Dallas CPA, Home Improvement Tax Deduction, Jury Duty Deductions, medical expense deductions, Points Paid on Home Mortgage Deduction, student loan interest deduction, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm|

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer taxpayers are itemizing today due to a bevy of changes in the Tax Cuts and Jobs [...]

Get Tax Breaks for Energy-Saving Purchases This Year Because They May Disappear

November 21st, 2024|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, CPADallas, Dallas CPA, Electric Vehicle, Electric Vehicle Credits, Energy-Efficient Improvements, EV Credits, EV's, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Deductions, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, Electric Vehicle Charging Equipment Tax Credit, energy credit, Energy Efficient Improvements and Tax Savings, Energy-Saving Tax Credits, Inflation Reduction Act, tax, tax advisor, Texas CPA, The Burns Firm|

The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late. On [...]

Understanding the $7,500 Federal Tax Credit for Buying an Electric Vehicle

October 3rd, 2024|Categories: Accountant, Burns Firm, Clean Vehicle Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Electric Vehicle, Electric Vehicle Credits, EV, EV Credits, EV's, Tax, tax accountant, Tax Advisor, Tax Credits, Tax Deductions, Tax Law, Tax Rules, Texas CPA, The Burns Firm|Tags: Clean Vehicle Tax Credit, CPA, cpa near me, Dallas CPA, electric vehicles, EV Tax Credit, tax advisor, tax credits, Texas CPA, The Burns Firm|

Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was 7.6% in 2023, up from [...]

10 Tax Breaks to Consider on Extended Returns

September 5th, 2024|Categories: 1031 Like-Kind Exchange, Accountant, Burns Firm, Charitable Donations, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Education, Education Expenses, EV Credits, Higher Education Credits, Home Energy Credits, Home Office Deduction, Medical Deductions, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: 1031 like-kind exchange, Charitable Gifts, CPA, cpa near me, Dallas CPA, Family Tax Credits, Higher Education Credits, Home Energy Credits, home office deductions, medical deductions, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15, 2024, to be exact — [...]

New Twists and Turns Taken By EV Credits

February 20th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Electric Vehicle, Electric Vehicle Credits, EV, EV Credits, Tax, tax accountant, Tax Advisor, Tax Credits, Tax Preparation, Tax Return, Tax Return Preparer, The Burns Firm|Tags: cpa near me, Dallas CPA, Electric Vehicle Credits, electric vehicles, EV Credits, tax advisor, Tax Credits for EV, The Burns Firm|

Did you buy an electric vehicle (EV) in 2023? Under the Inflation Reduction Act (IRA), passed late in 2022, you may be eligible for a new-and-improved tax credit, beginning on [...]