mortgage interest

Deposit Interest into Five Tax Buckets

December 12th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tx accountant, Interest, Investment Interest, Investments, Mortgage Interest, Services, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Cuts, Tax Deductions, Tax Planning, Tax Rates, TCJA, The Burns Firm|Tags: Business Interest, CPA, cpa near me, Dallas CPA, Interest Rates, Investment Interest, mortgage interest, Personal Interest, Student loan interest, tax, tax accountant, tax accountant near me, tax advisor, Tax Cuts and Jobs Act of 2017, TCJA, The Burns Firm|

Interest rates rise and fall periodically, but the tax rules for deducting interest expenses remain the same — unless Congress changes them. Generally, the current rules have been in place [...]

Home-related tax breaks are valuable on 2017 returns, but will be less so for 2018

March 22nd, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 personal tax return, 2018 Tax returns, Accounting, Debt forgiveness exclusion, deductions, expense, home equity debt interset deduction, Home office, Home office deduction, Home sale gain exclusion, IRS, Mortgage insurance premium deduction, mortgage interest, mortgage interest deduction, Planning, property tax deduction, tax, tax preparation, tax return, The Burns Firm|

Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a [...]