Impact of $40,000 SALT Deduction Cap on Jointly Filing H-1B Couples
Senate’s bill raises SALT deduction cap to $40,000 in 2025, aiding H-1B couples in high-tax states with significant…
Articles by & updated by Sai Sankar
Annual Remittance Tax Impact on Dual-Income H-1B Families Under New Bill
A 1% remittance tax in the One Big Beautiful Bill Act applies to immigrant money transfers over $15,…
Are Remittances by Green-Card Holders and H-1B Workers Taxed Equally Under the One Big Beautiful Bill Act?
Starting after December 2025, the One Big Beautiful Bill Act charges a 1% tax on cash sent abroad.…
Does the Remittance Excise Tax Apply Equally to Cash and Electronic Transfers by H‑1B Visa Holders?
Starting after 2025, the One Big Beautiful Bill Act imposes a 3.5% excise tax on remittances by non-U.S.…
Could OBBB Remittance Tax Push H-1B Families to Use Informal Transfers?
The OBBB remittance tax, effective late 2025, targets cross-border transfers over $15, affecting H-1B families and others. It…
One Big Beautiful Bill Raises Standard Deduction, Impacts H-1B Tax Planning
The One Big Beautiful Bill Act raises the standard deduction, extends mortgage interest limits, and increases SALT deductions.…
Can H‑1B Visa Holders Claim Student Loan Interest Deduction After One Big Beautiful Bill Act?
The 2025 One Big Beautiful Bill Act permanently excludes employer-paid student loan repayments from taxable income. Resident alien…
Impact of 1% Remittance Excise Tax on H-1B Single-Income Professionals
Starting January 2026, a 1% excise tax on remittances affects H-1B visa holders and other senders. Banks automatically…
Will Dual-Income H-1B Households in High-Tax States Face Higher Marginal Rates Under Revised SALT Cap?
The SALT deduction cap may rise to $40,000 in 2025 for incomes below $500,000, giving tax relief to…