medical expense deductions – The Burns Firm – Advisors of Complex Financial Matters

Ready, Set, Fire: 8 Tax Deductions You Might Not Know About

February 5th, 2025|Categories: Accountant, Burns Firm, Casualty Loss, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Deductions, EV, EV Credits, Home Energy Credits, Home Improvement Deductions, Home Office Deduction, Medical Deductions, Medical Expenses, Mortgage Interest, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return, Texas CPA, The Burns Firm, Vehicle Deductions|Tags: applications, Casualty Losses Deduction, Charitable Travel Deduction, cpa near me, Dallas CPA, Home Improvement Tax Deduction, Jury Duty Deductions, medical expense deductions, Points Paid on Home Mortgage Deduction, student loan interest deduction, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm|

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer taxpayers are itemizing today due to a bevy of changes in the Tax Cuts and Jobs [...]

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 [...]

Rx for Itemizing Medical Expenses

July 14th, 2020|Categories: Accounting, Burns Firm, Exemptions, Services, Tax, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: can I deduct medical expenses on my tax return, CPA Dallas, deducting expenses for paid support individuals, deductions, Form 1040, I need to file my personal tax return, July 15 tax filing deadline, maximum medical deduction per year, medical expense deductions, medical expenses on my tax return, tax deductions, tax filing, tax return, tax return preparer in Dallas, The Burns Firm|

Medical expenses can be costly — and they're not always covered by insurance. But there may be a silver lining: You may be able to claim an itemized deduction for [...]

New Tax Provisions Passed by Congress

January 9th, 2020|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Deductions|Tags: 2019 tax return preparation, college tuition tax break, CPA Dallas, Dallas CPA, IRA contributions, medical expense deductions, new tax laws, retirement savings, tax, tax deductions, tax preparation, The Burns Firm|

As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump [...]