Endowment Tax Proposal Disadvantages Schools with Many International Students
A bill passed by the House would raise taxes on wealthy private universities by excluding international students from…
Articles by & updated by Sai Sankar
3.5% Remittance Tax Hits H-1B Workers and Nris Sending Money to India
A 3.5% tax on US remittances sent by non-citizens took effect Jan 1, 2026, significantly reducing money sent…
U.S. Remittance Tax in 2026: 1% Excise Tax, Exemptions, Who Pays
A 1% U.S. remittance tax on cash transfers starts Jan 1, 2026. Electronic and digital wallet transfers remain…
NRIs urged to check tax rules before filing Income Tax Returns for 2025-26
For AY 2025-26, NRIs need to file Income Tax Returns by May 23, 2025, adhering to existing tax…
Trump Administration Slaps Tax Hikes on Elite Colleges
The Trump administration plans tiered taxes on elite college endowments up to 20%, aiming to curb perceived privileges.…
Tax filings drop in immigrant communities as fear of deportation rises
Due to fears over IRS data sharing with immigration authorities, many immigrants now hesitate or avoid filing taxes.…
Child Tax Credit plan would bar many immigrant families without a Social Security Number
A new proposal to raise the Child Tax Credit also requires both parents to have Social Security Numbers,…
Trump Slams Walmart Over ‘Tariffs’ Price Hike
President Trump pressured Walmart to absorb import tariffs and avoid raising prices. Walmart claims tariff sizes are too…
Donald Trump Unleashes New Tariff Rates on His Own
From April 5, 2025, the U.S. sets a sweeping 10% import tariff, up to 50% for select countries.…