Understanding Casualty and Theft Deductions Under TCJA for Federally Declared Disasters
From 2018–2025, personal casualty or theft deductions generally require a federally declared disaster; qualified disasters use a $500…
Articles by & updated by Sai Sankar
Understanding Charitable Contributions: What Qualifies and What Doesn’t
Confirm charity status, keep bank records and contemporaneous acknowledgments for gifts of $250+, use Form 8283 for non-cash…
Canada’s 2025 Student Visa Crackdown: Who Is Being Left Behind?
Canada’s 2025 student visa reset cut the new-permit cap to 437,000 and saw rejection rates near 62%, with…
Trump Admin Moves to Scrap FSOT for Merit-Based Foreign Service Exam
The State Department will replace the FSOT with a merit-based exam excluding DEI factors, adding objective skills tests…
Indian Students in U.S. Confront Visa Scrutiny and Shrinking Part‑Time Work
In 2025 intensified visa enforcement and reduced part-time work have led to over 6,000 student visa revocations, hitting…
Sweden Sets SEK 29,680 Monthly Salary Threshold for Work Permits in 2025
From June 17, 2025 Sweden mandates a SEK 29,680 monthly base salary for most non‑EU/EEA work permits, affecting…
Permanent $750,000 Acquisition Debt Limit Enacted for 2026 Onward Under OBBBA
Acquisition indebtedness interest is deductible within caps: $750,000 for post-12/15/2017 loans and $1,000,000 for older loans. OBBBA makes…
2025 SALT Deduction Cap Rises to $40,000 for Most Filers
In 2025 the SALT cap rises to $40,000 ($20,000 if married filing separately). You can deduct either state…
Understanding Medical and Dental Expenses Deductions for 2024: What Qualifies
You can deduct medical expenses actually paid during the tax year that exceed 7.5% of AGI; eligible items…