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Texas has created the Strong Families Tax Credit against its franchise tax, providing a credit of up to $1 million annually per taxable entity for designated contributions to eligible organizations supporting at-risk families and parenting initiatives. The total statewide credit is capped at $5 million yearly, with unused credits eligible for carryforward for up to five years. The program will expire on January 1, 2029, but credits from contributions made before expiration remain valid.
(S.B. 2018), Laws 2025, effective June 1, 2026
The information contained herein is general in nature and is not intended and should not be construed as legal, accounting, or tax advice or opinion provided by Ashmore Consulting LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader’s specific circumstances or needs and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Ashmore Consulting LLC or another tax professional prior to taking any action based upon this information. Ashmore Consulting LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.
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