2025 Tax Bill Offers Breaks for Tips and Overtime, Leaves SSN Rules Unclear
The 2025 One Big Beautiful Bill Act offers tax breaks on Social Security, tips, and overtime pay while…
Articles by & updated by Sai Sankar
Could Deficit Boost from One Big Beautiful Bill Raise Mortgage and Auto Loan Rates for H‑1B Visa Holders?
The One Big Beautiful Bill Act will increase the U.S. deficit and likely raise mortgage and auto loan…
Will Excise Tax on Remittances in OBBB Deter H‑1B Holders From Sponsoring Family?
The proposed excise tax on remittances would add costs for H-1B holders sending funds abroad. Senate exemptions might…
New IRS Reporting Rules for H-1B Holders Under One Big Beautiful Bill
Starting July 2025, the One Big Beautiful Bill Act may require H-1B holders to pay a 3.5% tax…
Do H‑1B Spouses Filing Jointly Qualify for Education Credits in 2025?
Spouses of H-1B visa holders filing jointly can claim American Opportunity and Lifetime Learning credits if they meet…
Do Remittance Taxes Under OBBB Act Differ for H-1B Joint vs Separate Filers?
Effective after 2025, the OBBB Act introduces a 1% remittance tax on money sent abroad from U.S. banks…
Are H-1B Self-Employed Individuals Subject to New Taxes Under the One Big Beautiful Bill?
From July 2025, the One Big Beautiful Bill Act enhances the QBI deduction and bonus depreciation but introduces…
Impact of One Big Beautiful Bill on SALT Deduction for Dual-Income H-1B Families
The One Big Beautiful Bill Act proposes raising the SALT deduction cap to $40,000, easing federal taxes for…
H-1B Households Filing with ITINs Remain Ineligible for Child Tax Credit
Effective July 3, 2025, the One Big Beautiful Bill Act expands the Child Tax Credit but maintains SSN…