Taxes

With Texas Gov. Greg Abbott’s blessing, lawmakers fast-track property tax cut proposal

Tax relief for property owners joins a packed to-do list for Texas lawmakers — which includes redistricting, COVID-19 vaccine mandates and a spending plan for $16 billion in federal stimulus dollars.

Gov. Greg Abbott adds property tax relief, bail to special session agenda

Abbott has faced pressure from his right to prioritize property tax relief. One of his challengers in the Republican primary has slammed him for not including it earlier in the agenda, and Lt. Gov. Dan Patrick called it his top priority this session.

Bexar County commissioners approve ‘symbolic’ property tax cut

Commissioners voted 3-1, with one abstention, to cut the tax rate for the county’s portion of property tax bills from $0.301097 to $0.299999 for every $100 of valuation. That equates to somewhere between a $3 to $4 savings a year for the average homeowner, staff said.

Colin Allred is the first known member of Congress to take paid paternity leave. Now he's pushing for it nationally.

With COVID-19 making paid parental leave even more critical, the Dallas Democrat is helping lead the move to change federal policy for fathers as well as mothers.

First monthly child tax credits go out Thursday

Most families of children age 17 and younger will begin seeing extra money in their accounts this week as the IRS sends the first monthly child tax credit.

Qualifying families can get up to $8,000 during 2021 tax season

Taxpayers with children are getting a bigger break on their 2021 taxes as part of the American Rescue Plan Act.

If you’re asking, ‘When will I get my tax refund?’ These answers should help

If you're one of the many people expecting a refund from the government this tax season, hooray!

How do the top tax preparation software stack up against each other?

We're here to fill you in on your options, so you can decide for yourself which tax preparation service is best for you.

Everything you need to know about filing a tax extension

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

TRUST INDEX: When is Tax Day? Viral meme, IRS extensions confuse taxpayers

The meme, posted in 2018, not only gets the deadline wrong for the year it was posted, but it recently went viral, leading many on social media to believe the meme refers to this year’s tax returns.

Not even a pandemic can squash rising property values in Bexar County

Despite the pandemic and economic woes, home values continue to rise. Appraisals for Bexar County homeowners to be released this week show an average increase of 6.9%.

The art of filing taxes: What could go wrong?

With tax season now well underway, we thought we'd offer up some tax filing basics, along with answers to common misconceptions regarding filing.

5 things you should know if you’re filing taxes for the first time

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

Need some extra time to file your taxes? You got it

Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17.

Taxes: Answers to top FAQs about Social Security income

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Before you file taxes online, here’s how to do it securely

Filing online with direct deposit with the fastest way to get your refund. But, before you file, Consumer Reports offers advice to keep your sensitive financial information secure.

You may qualify for a property tax exemption if your home was damaged by the winter storm

Because of Governor Abbot’s disaster declaration, Tax Code Section 11.35 allows a qualified property with at least 15% damage by a disaster to receive a temporary exemption of a portion of the appraised value.

Should I pay my tax bill with a credit card?

Taxes: Answers to FAQs about dependents, exemptions

Even if we think we have some knowledge about anything tax-related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

From Homer Simpson to Al Bundy, how TV has had fun with tax season

Tax season can be a reason to laugh, as these famous TV episodes showed.

Beware of these scams during tax season

Here are some scams to look out for and avoid during tax season.

How do I file taxes if I’m working remotely in another state that’s not my residence?

A common aspect of the COVID-19 pandemic over the past year or so has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.

That time when Willie Nelson made an album just to pay his IRS debt

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

What exactly is ‘jock tax?’

Tax season is busier than usual for professional athletes and the people they put in charge of their taxes.

10 celebrities busted for tax issues

These 10 celebrities found out the hard way not to mess with the IRS.

What’s the catch when it comes to a ‘free’ tax prep site?

When it comes to filing your taxes, especially online, you have what can feel like a million options. But when a site says "free," is it really free?

Millions of taxpayers still waiting for 2019 refunds to arrive, report says

As people get ready to either file their tax returns or receive refunds from returns already filed for 2020, the IRS is still dealing with a big problem.

Finished your taxes? Take these steps to get ahead for next year

Are you knee-deep in receipts, 1099 forms and W2s? Or are you done?

Getting a big tax refund this year? How to make your money go further

If you’re expecting a generous refund this season, you’ll want to make that money work as hard as you do.

What is the difference between tax planning and tax compliance?

Did you know when you’re getting ready for tax season, there are two types of preparation methods?