CPA Advisor

529 College Savings Account: Important Things To Know

July 9th, 2024|Categories: 529 Plan, Burns Firm, College Savings Plan, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Services, Tax, Tax Advisor, The Burns Firm|Tags: 529 Account Withdrawals, 529 College Savings Plan, 529 Withdrawals for K-12 Tuition, College Savings Plan, CPA, CPA Advisor, cpa near me, Dallas CPA, tax, tax advisor, Texas CPA, The Burns Firm, What Can I do With Leftover Money in a 529 Plan|

Have you set up Section 529 college savings plans for your children or grandchildren? The major advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free and usually state-income-tax-free. But there can be [...]

Beware of a Stealth Tax on Social Security Benefits

March 19th, 2024|Categories: are social security benefits taxable, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Social Security, Social Security Benefits, Tax, Tax Advisor, The Burns Firm|Tags: are social security benefits taxable, are social security benefits taxed, CPA Advisor, cpa near me, Dallas CPA, social security benefits, tax, tax advisor, tax on social security benefits, The Burns Firm|

Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income [...]