Are there any tax exemptions or deductions available in Texas?

Yes, there are several tax exemptions and deductions available in Texas. Some of the common exemptions include the Homestead Exemption for property owners, which reduces the taxable value of their primary residence. Other exemptions include the Senior or Disabled Persons Exemption, which provides tax relief for elderly or disabled individuals. Additionally, there are exemptions for agricultural and timber properties. As for deductions, individuals can deduct certain expenses such as mortgage interest, property taxes, and charitable contributions. Small businesses can also benefit from deductions for qualified business expenses. It's important to note that eligibility criteria and requirements may apply for each exemption or deduction. For more information and a comprehensive list of exemptions and deductions, please visit our website or contact our department for personalized assistance.