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Tag: Property tax Texas
Texas LLC Taxes Explained: Small Business Essentials
Introduction Forming a Limited Liability Company (LLC) in Texas offers small business owners flexibility, limited liability protection, and potential tax advantages. While Texas does not impose a personal income tax, LLCs are still subject to state franchise tax, sales tax, and federal tax obligations depending on their structure. This guide explains how Texas LLC taxes […]
Texas Sales Tax: What’s Taxable and What’s Not
Texas Sales Tax Texas relies heavily on sales and use tax to fund schools, infrastructure, and public services, making it one of the state’s primary revenue sources. For 2025, the Texas state sales tax rate remains 6.25%, with local jurisdictions cities, counties, and transit authorities allowed to add up to 2%, creating a maximum combined […]
Texas Homestead Exemption: Step-by-Step Qualification Guide
Texas Homestead Exemption If you own and live in your home in Texas, you may be eligible for one of the most valuable forms of property tax relief the Texas Homestead Exemption. This exemption lowers the taxable value of your home, reducing the amount of property taxes you owe each year. In 2025, Texas homeowners […]
Understanding Texas Property Taxes in 2025: A Homeowner’s Guide
Texas Property Taxes in 2025 Texas does not levy a state income tax, but it relies heavily on property taxes to fund local government services such as public schools, infrastructure, and emergency response. For Texas homeowners, understanding how property taxes are calculated, assessed, and reduced through exemptions is crucial for accurate budgeting and compliance. This […]
Texas Tax Brackets vs. Federal Tax Brackets: What’s the Difference
Introduction Texas is one of the few U.S. states that does not have a personal income tax. This means that while the federal government taxes income progressively through defined federal tax brackets, Texas residents do not pay any state income tax at all. However, Texans are still subject to other state-level taxes such as sales […]
Does Texas Tax Social Security or Pension Income
Texas Tax Social Security If you are retired and living in Texas, you benefit from one of the most favorable tax environments in the United States. Texas does not tax Social Security benefits, pension income, or other retirement distributions at the state level. This makes it a top destination for retirees seeking to preserve more […]
Do You Have to Pay City Taxes in Texas
Taxes in Texas Texas is well known for having no state income tax, but many residents still wonder whether cities or local governments can impose their own income or payroll taxes. The answer is no. Texas cities cannot levy individual income taxes. However, local governments do collect other types of taxes such as sales tax, […]
Texas Tax Laws: Why Businesses & Individuals Move to the Lone Star State
Introduction Texas has become one of the most popular destinations for businesses and individuals looking to take advantage of its low-tax environment, strong economy, and business-friendly policies. With no state income tax and a relatively simple tax structure, many people and companies are relocating to Texas to maximize financial benefits. This guide explores why Texas […]
Texas Has No State Income Tax – But What Are the Hidden Costs?
Introduction Texas is one of the few states in the U.S. that does not impose a state income tax. This makes it an attractive option for individuals and businesses looking to maximize their earnings. However, while Texas offers significant tax benefits, there are hidden costs that residents and business owners should consider before moving. This […]
Texas Sales Tax vs. Property Tax: Which One Affects You More?
Introduction Texas is known for its low-tax environment, but residents and businesses still pay sales tax and property tax, which significantly impact their finances. While Texas has no state income tax, property and sales taxes can be higher than in other states. This guide compares Texas sales tax vs. property tax, helping individuals and business […]