Welcome to your daily briefing on finance developments in Texas. Today we're covering 6 key stories including updates on texas finance headlines, background & context. Let's dive in.
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With lower down payments and competitive terms, a Small Business Administration (SBA) Loan can help take your business to the next level.
Relevant to finance professionals operating in TX.
Apply for an SBA loan through Texas Capital. We offer a wide range of loan amounts. Texas Capital will assist in processing, packaging, and applying for your SBA loan.
Relevant to finance professionals operating in TX.
Orders and other agency decisions issued by the Corporate Division for certain filings, including mergers, activities, conversions, and certain other filings. There is also a search feature to locate other corporate activities.
Relevant to finance professionals operating in TX.
Reach professionals in this market
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Medicare Part B and D premiums above the standard amount apply when modified AGI exceeds thresholds — but the lookback is two years (so 2026 IRMAA uses 2024 income). Roth conversions or retirement-account distributions that bump MAGI in the lookback year can produce surcharges that hit two years later, often unexpectedly.
The IRMAA premium increases can run thousands per year per spouse and continue for the entire surcharge year. Planning conversions around the lookback is a meaningful retirement-tax variable.
Missing a required minimum distribution from a tax-advantaged account historically triggered a 50% excise tax on the missed amount. SECURE 2.0 reduced this to 25% (or 10% with timely correction). The penalty has not gone away — it has just become survivable with prompt action.
Even at 25%, the penalty on a missed RMD is far larger than the income-tax hit on the distribution itself. Detection often happens at year-end review, sometimes years later.
For self-employed individuals, both vehicles allow significant retirement contributions, but the calculation differs. A Solo 401(k) permits an employee deferral plus an employer contribution — often producing higher total contributions than a SEP at identical profit. The crossover point is around $50K-$70K of self-employment income.
Switching from SEP to Solo 401(k) requires plan establishment by year-end (with contributions until tax-filing deadline). Annual review catches the crossover before it costs a year's missed deduction.
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