Medicare Premiums – The Burns Firm – Advisors of Complex Financial Matters

Your Guide to Medicare Premiums and Taxes

December 17th, 2024|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Medical Deductions, Medicare Premiums, Tax, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, Deducting Medicare Premiums, Health Insurance, Medicare Premiums and Taxes, tax, tax advisor, Texas CPA, The Burns Firm|

Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how [...]

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 [...]

Help Safeguard Your Personal Information By Filing Your 2021 Tax Return Early

January 18th, 2022|Categories: Accounting, Alternative Minimum Tax, American Opportunity Tax Credit, Burns Firm, Charitable Donations, Child Tax Credit, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Dependent Care credits, Donations, Employee Retention Tax Credit, Exemptions, Expenses, Gift Tax, Hobby, how do I know if my parent qualifies as my dependent, how do I report bitcoin transactions, how do i report virtual currency transactions, if I support my parents financially can I claim them on tax return, IRS, Medicare Premiums, Nanny Tax, Retirement, Scholarships, Services, Social Security, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Return, Tax Withholding, tax write-offs, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), TCJA, The Burns Firm, Virtual Currency, Withholding|Tags: Allison Shike, CPA Dallas, Dallas CPA, Denis Burns, file 2021 tax return early, tax credits, tax deductions, tax preparation near me, tax preparer near me, tax preparer North Dallas, tax preparer North Texas, tax withholding, Texas CPA, The Burns Firm, when can I file my 2021 tax return|

The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even if you typically don’t file until [...]

5 Possible Tax Aspects of a Parent Moving Into a Nursing Home

September 2nd, 2021|Categories: Accounting, Burns Firm, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Healthcare & Retirement, how do I know if my parent qualifies as my dependent, if I support my parents financially can I claim them on tax return, Medicare Premiums, Services, Tax, Tax Credits, Tax Deductions, Tax Return, The Burns Firm|Tags: are medical expenses deducted, are nursing home expenses deductible, CPA Dallas, Dallas CPA, deductions on tax return, elderly and expenses, long-term medical care expenses, medical expense deductions, tax preparer near me, The Burns Firm, what expenses are deductible on my tax return|

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. 1. Long-term [...]

Seniors May be Able to Write Off Medicare Premiums on Their Tax Returns

July 20th, 2021|Categories: Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, IRS, Medicare Premiums, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: are medicare premiums considered a medical expense, are medicare premiums deductible, can I deduct medicare premiums paid on my tax return, CPA Dallas, Dallas CPA, medicare premiums, North Dallas tax preparer, Seniors May be Able to Write Off Medicare Premiums on Their Tax Returns, tax credits for seniors, tax preparer near me, tax return preparation in Dallas|

Are you age 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 [...]