2025 Federal Tax Return Filing Rules for US Citizens and NRAs
U.S. tax filing rules require citizens and residents to report worldwide income; nonresident aliens report U.S. income. File…
Articles by & updated by Sai Sankar
Indian Tax Tribunal Rules Tourist Visas Invalidate NRI Status for Business Travel
ITAT’s 2025 ruling penalizes misuse of tourist visas for business travel, emphasizing travel purpose and visa type in…
Trump Announces Major Steel Tariff Increase to 50%
Trump's May 2025 decision doubles steel tariffs to 50%, removes exemptions, and cancels prior relief agreements. This aims…
Second Federal Court Blocks Trump Tariffs on Illinois Toy Importers
Federal courts ruled Trump’s IEEPA tariffs unlawful, blocking a 10–30% tariff on toy imports from Illinois. This prevents…
Remittances Tax: Trump’s Bill May Hit Indians in the US Hard
The remittances tax in Trump’s bill creates a 3.5% fee on international transfers by noncitizens, affecting 4.5 million…
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…
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…