Posts Tagged ‘tax update’
Texas Franchise Tax Relief
On June 15, 2015 Texas Governor Greg Abbott signed into law a permanent reduction in the Texas Franchise Tax. There was a 25% reduction in both the retail rate which dropped from 0.5% to 0.375% and the non-retail rate which was reduced from 1.0% to 0.75%. In addition, the maximum revenue for filing the EZ…
Read MoreMidyear Tax Update
The following is a midyear tax update of important developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Supreme Court upholds subsidies for health care purchased on Federal Exchange. The Supreme Court by a 6-3 vote determined that premium tax credits (also known as health…
Read MoreGet a Tax Credit for Dependent Expenses
Did you know that federal tax law allows you to claim a credit when you pay someone to care for your kids while you’re at work? The child and dependent care credit is valuable because it reduces the amount of tax you owe dollar for dollar. Here’s an overview of the rules. The child care…
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