Roth IRA Qualified Distributions: Five-Year Rule and Exceptions
IRS reaffirmed Roth IRA rules for 2024–2025: qualified distributions need a 5-year period plus a qualifying event. Non-qualified…
Articles by & updated by Sai Sankar
Self-Employment Tax Essentials: Rates, Deductions, and Filing Basics
Pay self-employment tax if net self-employment earnings reach $400, using Schedule C and Schedule SE; SE tax is…
Avoiding the 6% IRA Excess Tax: Timely Withdrawals and Reporting
Correct excess IRA or HSA contributions before the tax return due date (including extensions) by removing the excess…
Key Exceptions for Distributions from Qualified Plans and IRAs
Early retirement distributions before 59½ may incur a 10% tax, but statutory exceptions—such as medical expenses over 7.5%…
Understanding the 2025 AMT: Exemptions, Phaseouts, and Rates
The 2025 AMT applies to taxpayers with large SALT, ISO adjustments, or depreciation differences; exemptions are inflation-indexed ($137,000…
Canada’s TFWP Under Scrutiny: 2024-25 Reforms Tighten Rules
Canada tightened the TFWP with 10% and 20% caps, a refusal-to-process rule in high-unemployment cities, and one-year low-wage…
U.S. Talent at Crossroads: International Students Face Slowdown in August 2025
August 2025’s weak payroll growth and 4.3% unemployment are tightening opportunities for international students on OPT. File Form…
214(b) Denied: Chennai Visa Interview Lessons and World Cup Plans
A Chennai B1/B2 interview produced a 214(b) denial for a self-employed traveler despite ₹8 lakh savings and ₹30…
Indian IT Firms Slash H-1B Sponsorship by 46% as US Giants Surge
Indian IT firms have significantly cut H-1B sponsorships while US tech giants expanded theirs to meet demand for…