While there is no individual income tax in Texas, there are other types of taxes, like property tax, that can quickly start to add up.
Luckily, there are ways for residents and business owners to reduce their tax liabilities. Here at BC Tax, we have a team of professionals ready to work with you and help you determine which relief programs you qualify for. When you choose us, we’ll make sure you have access to the information you need to minimize how much you’re taxed.
How Much Tax Debt Do You Have?
What Is the Texas Tax Relief Program?
With a new property tax cut that both the Texas House and Senate agreed to, which is expected to pass, individuals and small business owners can take advantage of increased tax relief. The bill raises exemptions to $100,000. The deal would also provide other benefits:
- Extra relief for property owners with disabilities
- Extra relief for older adults who own property
- A reduction of the school property tax rate based on home or business valuation
- A short-term cap on appraisal increases for certain non-homesteaded properties
- Franchise tax reductions for small businesses
Staying current on the latest tax laws and changes can have a big impact on how much you pay each year. Even though we don’t do taxes for our clients, our team of tax professionals will help you determine the types of tax relief programs you may be eligible for now and in the future.
Whether you are an individual or a business owner, we can assist with tax resolution and back taxes so you can save as much as possible each tax season. We’ll make sure you are aware of tax relief programs like this one that you may be eligible for.