Treasury, IRS Issue Final Regulations Allowing Above-The-Line Deduction for Qualified Tips
IRS issues final rules for the $25,000 tip deduction in 2026. Only voluntary gratuities qualify; payroll taxes still…
Articles by & updated by Sai Sankar
Income Tax Department Rolls Out TDS TRACES 2.0, Enhances Form 26AS for Taxpayers
India launches TRACES 2.0, a unified TDS portal streamlining Form 26AS access and certificate downloads for taxpayers and…
DHS Weighs CBP Pullback at California Sanctuary City Airports, Threatens Visa Processing
DHS may stop international flight processing at sanctuary city airports in 2026, threatening major travel disruptions for citizens…
U.S. Moves to Revoke Green Cards of Iranian Nationals Under Presidential Proclamation 10998
U.S. targets Iranian green card holders for deportation in 2026, highlighting the legal process for revoking permanent residency…
DOJ Hits Compunnel with $313,420 Settlement Over H-1B-Only Job Ads
DOJ settles with Compunnel Software for $313,420 over job ads favoring H-1B holders over U.S. citizens, signaling a…
U.S. Customs Warns Shoppers: Declare All Goods Above $800 Duty-Free Exemption
Learn the 2026 U.S. customs rules for declaring purchases, understanding the $800 duty-free limit, and avoiding penalties for…
Saskatchewan Promises More Tax Relief in 2026-27 Budget, Expands Low-Income Tax Credit
Saskatchewan’s 2026-27 budget boosts personal tax credits by $500, saves families thousands, and doubles volunteer credits while projecting…
2026 Residency Rules: Foreign Salary in Indian Banks Taxable for NRIs
Foreign salary remitted to Indian banks is taxable for residents/RNORs; tax status depends on stay duration and income…
Bipartisan Bill Seeks to Restore Health Coverage Tax Credit for Delphi Retirees
Bipartisan bill introduced to restore the Health Coverage Tax Credit for Delphi retirees, covering up to 80% of…