August–October 2025 Guide: U.S. Visa Changes Indian Applicants Must Know
New rules (Aug–Oct 2025) require in-person passport pickup for adults, hard-copy consent for minors, restrict Dropbox renewals, and…
Articles by & updated by Sai Sankar
Alimony: Definition, Qualifying Criteria, and Exclusions Explained
Post-2018 divorce instruments: alimony nondeductible for payers and not taxable to recipients. Pre-2019 instruments generally follow old deduct-and-include…
TCJA Suspension: Moving Expense Deduction Rules and Military Exception
Moving expense deductions are unavailable to civilians through 2025 and permanently repealed for non-military taxpayers from 2026; active-duty…
2024 Educator Expense Deduction Rules and Qualified Expenses Explained
The Educator Expense Deduction stays at $300 and the Student Loan Interest Deduction remains up to $2,500 for…
Roth IRA Contribution Limits, MAGI Phases and 2024 Thresholds Explained
2024 Roth IRA eligibility depends on MAGI and filing status, with phase-outs for singles ($146k–$161k) and joint filers…
IRA Contribution Limits Hold at $7,000/$8,000 for 2024-2025
IRS held IRA limits at $7,000 (under 50) and $8,000 (50+) for 2024–2025; contributions are limited by the…
What Counts as Compensation for IRA Contributions and Exceptions
In 2025, IRA contributions still require taxable earned income—compensation—with limits of $7,000/$8,000. Combat pay qualifies; excluded foreign earned…
2026 Spousal IRA Rules: Contribution Limits, MAGI Phaseouts, and Eligibility
For 2025, spouses filing jointly can use the spousal IRA: $7,000 each under 50, $8,000 if 50+. Full…
IRA Contribution Deadlines and 2025 Limits: Stay on Track
The 2025 IRA contribution window closes April 15, 2026. Savers can contribute up to $7,000 ($8,000 if 50+).…