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Laredo Texas 2025 IRS 1065: What You Should Know

TEXAS — Survivors of Texas severe winter storms now have until June 15, 2021, to file various individual tax returns and take the following credits on various  TEXAS — Texas residents who have suffered property damage as a result of a severe winter storm are eligible for relief from the tax imposed on sales  TEXAS — Special rules to reduce the impact on homeowners of a severe winter storm are being established. On or before October 2, 2018, the Secretary will publish special rules for homeowners in Texas with a taxpayer who have been injured as a result of a severe winter storm can claim damages in excess of the amount of property damage suffered by taxpayers in order to  TEXAS — A new credit for certain individuals is being created to offset some tax caused by severe winter storms in Texas.  TEXAS — Texas may see an increase in credit amounts for certain weather-related disasters due to a provision of the Tax Cuts and Jobs Act. The tax credit amounts  TEXAS — The tax credit for victims of severe winter storms remains at 10 percent of the total amount of the tax liability. Effective for taxable years beginning after June 15, 2017, the tax credit will  TEXAS - Victims of severe winter storms in Texas have until June 15, 2021, to file an adjusted tax return if their state imposes an income tax. A disaster credit is available to offset tax liability  TEXAS – For taxable years beginning after June 15, 2018, victims of severe winter storms will receive a credit of 10 percent of the tax liability due to the severe winter storm. Effective for taxable years beginning after June 15, 2018, the tax credit will  TEXAS – Victims of severe winter storms in Texas will see the tax credit for catastrophic injuries at 10 percent of the total tax liability. Effective for taxable years beginning after  TEXAS – For taxable years beginning after June 15, 2018, victims of severe winter storms will receive a credit for catastrophic injuries at 10 percent of the total tax liability. Effective for taxable years beginning  TEXAS – The Texas Taxpayer Relief Act (the Act) will allow taxpayers who have suffered catastrophic injuries and property TEXAS – Victims of severe winter storms in Texas who are residents can claim the catastrophic injury credit for a maximum of two years.

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