Texas — Income & Franchise Tax Basics (State Tax Charts)
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Income & Franchise Tax Basics
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Texas (TX) — Income & Franchise Tax Basics: No individual income tax; franchise tax 0.375%/0.75%; No Tax Due threshold $2,650,000 (2026-27). Texas has no individual income tax. The franchise tax rates remain 0.375% for retail/wholesale and 0.75% for other entities. For 2026 and 2027, the No Tax Due threshold is $2,650,000, up from $2,470,000 in 2024-2025. Authority: TX franchise tax. CPA-verified 2026-07-16.
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