Travis Texas Form 1040-NR 2024-2025

Travis Texas Form 1040-NR: What You Should Know

Robert Atkins Walker PC, CPA, PhD, APA, M.P., A.A.P.E. — International Taxation Forms for Texas residents that were required to be filed by state residents prior to January 1, 2013, and those residents that are subject to income tax by the state of Texas under Section 807 (federal tax credit) of the Internal Revenue Code (“Section 807(f)”); for residents who owe sales tax; for employees of entities that may be required to pay business taxes; and other information required for state residents to determine residency. Please note that this information is for state residents only and is not intended or endorsed by the State of Texas. Also note that you may not utilize this information to exempt yourself from federal or state income or sales tax because you are considered a resident of another state. The information in this form is based on current state law. Taxes If you are nonresident alien, and you use Form 1040NR, you must file a Texas state income tax return for that filing year with a tax bracket, depending on your federal tax bracket, to take advantage of Texas tax relief and the Texas credit. This credit may be used for state income tax or for federal income tax. If you are a resident of the U.S. and you use Form 1040NR, you may be entitled to a Texas credit of up to 5,000 for federal income tax purposes based on the number of dependents you claim on the federal return. Texas credit limits for state tax and federal tax vary based on tax bracket. Also, the Texas credit does not apply to certain credits or refunds that may be available on a Texas return. You can get a copy of your credit history on your Texas tax return. If you do not have a Texas tax return, you can prepare and file a tax return. Texas Personal Income Tax Rates If you are an individual or a partnership, you will pay personal income taxes at either the full 12.4%, the 28%, or the 15%, whichever rate applies, as shown below. If a Texas resident is taxed by more than one state, they will only pay the tax which applies to that state.  You must file Form 1040NR, Texas Individual, Partnership, or S corporation Information Return to claim any Texas state or local income tax credit. You may not receive the Texas credit on a federal income tax return. Nonresident aliens are subject to Texas income tax only. Referendum No.

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