Blogs

Electric vehicles (EVs) are gaining popularity in Texas, thanks in part to the various tax credits and incentives available to buyers. With the recent updates to the federal EV tax credit and the state's own incentive programs, there's never been a better time to...

As a savvy investor in Texas, understanding the intricacies of capital gains tax is crucial to maximizing your returns and minimizing your tax liability. While Texas does not impose a state capital gains tax, federal capital gains tax still applies to investments,...

Texas is often touted as a tax-friendly state for retirees, with no individual income tax and a relatively low cost of living. However, there are several common misconceptions about taxes in Texas that residents need to be aware of. In this blog post, we'll debunk...

Itemized deductions are a powerful tool for individuals and businesses seeking to reduce their taxable income and optimize tax liabilities. By understanding the intricacies of itemized deductions and leveraging eligible expenses, taxpayers can unlock significant tax...

Tax season may be over, but the aftershocks of misinformation are still being felt by many taxpayers. The IRS has issued a strong warning about a surge in tax scams and misleading social media advice that have ensnared thousands. This isn't just about delayed refunds;...

Tax season – a time for potential refunds, but also a prime target for criminals. They see an opportunity to exploit the flurry of tax filings by stealing your Social Security number (SSN) and filing a fraudulent return to claim your hard-earned refund. The worst...

As we step into the new tax year, the Internal Revenue Service (IRS) has unveiled a series of modifications that will influence various aspects of your tax planning. From standard deductions to marginal tax rates and an array of credits, here's a breakdown of the key...

Owning rental property can be a lucrative venture, providing a source of passive income and potential long-term financial growth. However, along with the rewards come responsibilities, and one significant aspect that landlords in Texas must be mindful of is the tax...

Supporting your parents as they age is a common situation, and sometimes, that support extends to their finances. If you live in Texas and provide significant financial assistance, you might be eligible to claim them as dependents on your federal tax return. This can...

When it comes to taxes, businesses operating in Texas have more than just federal income tax to consider. The Texas Franchise Tax, sometimes referred to as the "margin tax," is a key component of the state's tax system. Understanding this tax is essential for...