Lifetime Learning credit – The Burns Firm – Advisors of Complex Financial Matters

Six Education Tax Breaks on the Books

October 14th, 2021|Categories: Accounting, American Opportunity Tax Credit, AOTC, Burns Firm, Dallas CPA, Dallas tax return preparer, Lifetime Learning Credit, LLC, Scholarships, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: american opportunity tax credit, AOTC, can i deduct books for school on my tax return, can i report expense for books on my tax return, can i report school expenses on tax return, CPA Dallas, cpa near me, Dallas CPA, Lifetime Learning credit, LLC, school expenses, tax breaks on books for school, tax preparer near me, The Burns Firm|

It costs a pretty penny to send a child to college or private school these days. But at least the federal tax code may provide some relief, within certain limits. Can [...]

Six Education Tax Breaks on the Books

November 22nd, 2019|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: american opportunity tax credit, AOTC, CPA Dallas, education expense, education expense deductions on tax return, education tax breaks, Lifetime Learning credit, LLC, section 529 plans, student loan interest deduction, tax, tax deductions, tax returns, The Burns Firm|

It costs a pretty penny to send a child to college or private school these days. But at least the federal tax code may provide some relief, within certain limits. [...]

Uncle Sam May Provide Relief from College Costs on Your Tax Return

October 3rd, 2019|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: American Opportunity credit, college cost and tax, college expense and taxes, CPA Dallas, Dallas CPA, IRS, Lifetime Learning credit, tax credit for college costs, tax credits, tax return preparation, The Burns Firm|

We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state [...]