Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) – The Burns Firm

Senior Tax-Saving Alert: Make Charitable Donations From Your IRA

December 3rd, 2024|Categories: Burns Firm, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, Dallas CPA, Donations, IRA, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: Charitable donation, charitable donation from IRA, Charitable Donations via IRA, CPA Dallas, cpa near me, CPA TExas, IRA, tax advisor, tax savings, The Burns Firm|

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD [...]

Disabled Family Members May Be Able to Benefit From ABLE Accounts

August 31st, 2023|Categories: ABLE, Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Advisor|Tags: ABLE account, Achieving a Better Life Experience account, CPA Dallas, cpa near me, Disabled Benefit from ABLE account, Eligibility Rules for ABLE account, Secure 2.0 law changes, tax advisor, The Burns Firm|

If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to [...]

Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty

February 7th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Early Withdrawal from IRA, IRA, Retirement, Retirement Plan, Services, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Preparation, Tax Return, The Burns Firm|Tags: Avoid penalty for early withdrawals, CPA, Early Withdrawal Requirements, Early Withdrawals from Retirement Plan, IRA, rules for early withdrawal, Simple IRA, tax, The Burns Firm|

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s considered early? In general, it’s [...]

A Dozen Ways the SECURE 2.0 Law Helps Individuals and Employees

December 29th, 2022|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, IRA, IRS, SECURE Act, Services, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Advisor, The Burns Firm|Tags: bill passed will help save for retirement, CPA Dallas, cpa near me, government funding bill passed December 2022, SECURE Act, Setting Ever Community Up for Retirement Enhancement 2.0 Act (Secure 2.0), The Burns Firm|

In the waning hours of the 117th Congress, a large government funding bill was passed that includes many provisions that will help Americans save more for retirement. The Setting Every Community Up [...]