Tax Pros-Houston

01/27/2025

The IRS is officially open today, here is quick list of items you'll need for those very important deductions! Remember deductions are an amount you can subtract from your income so that you don't pay tax on it. By lowering your income, deductions lower your tax.

12/26/2024

📍Mark your calendars.
EARLY ADVANCE LOANS OF UP TO $7000 START 01.06.25!

12/24/2024

🎄From Our Family to yours!! 🎄

12/24/2024

Tax Tip Tuesday *Christmas Eve Edition* 🎄

The IRS is sending out $1400 to over 1 million tax payers who either did not receive or missed claiming the stimulus payment for 2021. This payment is ONLY for those that DID NOT receive the payment. If you are unsure if you received it, log into your tax account at IRS.gov and look for "Economic Impact Payments", if there is a 0 showing, you likely did not receive it.

Most payments will be sent automatically by the IRS and should be received no later than January 2025. The last address and banking information you provided on your tax filing will be used to distribute the funds.

📍*IT IS KEY THAT YOU ALWAYS KEEP A CURRENT ADDRESS ON FILE*

Please note.. self prep tax software will cause you to miss credits like this and so many others if you do not know what you qualify for, go with a PRO at Tax Pros-Houston if you are unsure!

12/04/2024

The BOI filing requirement has been preliminarily blocked nationwide by a Texas federal Judge.

This means the 01/01/2025 due date is now postponed, however this may change if an appealed is filed.

Stay tuned to Tax Pros-Houston for tax updates and financial news year round.

The Corporate Transparency Act and its implementing regulations, which require US business entities to report stakeholder information to the Treasury Department, were preliminarily blocked nationwide by a Texas federal court on Tuesday.

12/02/2024

☃️Tax Season is just around the corner, we have some exciting things on the way! 👀Turn on those post notifications so that you don't miss a THING! 💲

11/05/2024

Today is Election Day in America, from provisions to the Child Tax Credit & Earned Income Credit, to No Tax on tips, overtime or Social Security; so much of what can shape your economic future is on the ballot. Be informed and VOTE like your future depends on it, because it DOES. Stay tuned to Tax Pros-Houston all year long for updates.

10/15/2024

The deadline for those who were granted an extension to file taxes for the 2024 tax season is TODAY! Those effected by federally declared disasters may have automatically received an extension. Click the link below to verify tax relief in your state:

https://www.irs.gov/newsroom/around-the-nation

09/12/2024

Tax Planning is Year Round; analyzing your financial situation and creating a plan helps ensure you pay the least amount of taxes as possible. Stay ahead of the game with Tax Pros-Houston!

08/20/2024

Wondering what the presidential candidates future tax proposals are? We have it at a quick glance:

📌Eliminating Taxes on Tips: (Trump and Harris) Ends federal taxes on tips.

📌End Taxes on Social Security benefits: (Trump) Currently seniors making less than $25,000 or married couples making less than $32,000 do not owe tax, however anything above that income is subject to income tax on up to 50% of their benefits.

📌Tax Credits: (Harris) Expand the Child Tax Credit to $3,600 from $2,000. Give a new child credit up to $6,000 in the first year of life.

📌Tax Cuts: (Trump) Extending the 2017 Tax and Cuts and Jobs Act. Lower corporate tax rate to15% from 21%.
(Harris) No tax increase to anyone making under $400,000.

Stay in informed with Tax Pros-Houston for Tax and Financial news year round.