Welcome to your daily briefing on finance developments in Texas. Today we're covering 9 key stories including updates on texas finance headlines, texas finance updates, background & context. Let's dive in.
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Texas First Bank offers Small Business Administration loans with lower down payments and competitive terms to help businesses grow.
Finance professionals advising TX-based small business clients should know SBA lending options that preserve working capital remain available through local institutions.
Texas Capital Bank offers SBA loans with assistance in processing, packaging, and applying across a wide range of loan amounts.
Finance professionals in TX can direct clients to a local banking partner that handles the full SBA loan workflow, reducing administrative burden and accelerating access to capital.
The Department of Savings and Mortgage Lending is a Texas state agency operating under the jurisdiction and oversight of the Finance Commission of Texas.
Finance professionals in TX should know this regulatory structure when engaging with mortgage lending and savings institutions in the state.
Bankers should be aware of current and impending cybersecurity and privacy regulations.
Finance professionals in TX must stay ahead of compliance requirements to protect their institutions and customers from regulatory risk.
The Texas Office of Consumer Credit Commissioner oversees nonbank financial services and provides education to consumers and industry providers to foster a fair, lawful, and healthy financial services market.
Finance professionals in TX need to understand OCCC oversight to ensure compliance with state regulations and maintain operating licenses for nonbank activities.
Reach professionals in this market
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The Texas State Securities Board provides a download for Adobe Acrobat Reader to access PDF documents on its website.
Finance professionals in TX regularly review regulatory filings and disclosure documents from the State Securities Board, which are often distributed as PDFs requiring this reader.
3 stories
Property held jointly with right of survivorship between spouses gets a full step-up in community-property states and a half step-up in common-law states. The same property held as community property (where available) gets a full step-up regardless. The titling distinction can change the surviving spouse's basis by hundreds of thousands.
Re-titling between spouses is typically straightforward during life; impossible after one spouse's death. The decision has to happen while both are living.
Rebalancing taxable accounts realizes capital gains; the tax cost can erode the benefit of holding the target allocation. Tax-advantaged accounts (IRA, 401(k), Roth) have no such cost. A common improvement: hold higher-rebalance assets in tax-advantaged accounts and let taxable accounts drift longer between rebalances.
Mechanical rebalancing without account-type awareness can cost 0.3-0.7% annually in unnecessary tax drag. Coordinated rebalancing across account types is a standard practice that surprisingly few advisors implement.
Many states offer income-tax deductions for contributions to that state's 529 plan; a smaller number allow the deduction for any state's plan. Choosing an out-of-state plan with better fees can cost the in-state deduction — a tradeoff that depends on the state's tax rate and the deduction cap.
The optimal choice varies by state and family income. The "best 529 plans" lists in financial media frequently ignore state-specific tax effects.
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