tuition

Are Scholarships Tax-free or Taxable?

August 6th, 2020|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|Tags: are scholarships taxable, CPA Dallas, school tuition scholarship, tax credits, tax preparation, tax return preparation, tax-free scholarship, taxable items, The Burns Firm, tuition|

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and some parents will [...]

Use a Coverdell ESA to Help Pay College, Elementary and Secondary School Costs

November 7th, 2019|Categories: Accounting, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation|Tags: Coverdell Education Savings Account, CPA, ESA, higher education, saving for school, school expense, The Burns Firm, tuition, use ESA for school costs|

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for [...]