Dallas CPA – Page 24 – The Burns Firm – Advisors of Complex Financial Matters

529 Education Savings Plan

February 26th, 2019|Categories: Burns Firm, Services, Tax Cuts, Tax Deductions, Tax Planning|Tags: 529 education savings plan, CPA, Dallas CPA, dependents, save for college, saving, tax, tax-deferred growth, The Burns Firm|

Some of Your Deductions May Be Smaller (or nonexistent) When You File Your 2018 Tax Return

February 21st, 2019|Categories: Accounting, Burns Firm, Tax, Tax Cuts, Tax Deductions, Tax Return, TCJA|Tags: 2018 deductions smaller, 2018 tax return preparation, CPA, Dallas CPA, deductions, tax, tax filing, tax return filing, tax return preparation, TCJA, The Burns Firm|

While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to [...]

Charitable IRA Rollovers May Be Especially Beneficial in 2018

October 16th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: charitable IRA rollover, CPA, Dallas CPA, Denis Burns, IRA contributions, tax, The Burns Firm|

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on [...]