Income Tax Tribunal Rules GST Refunds Aren’t Taxable If Exclusive Method Is Used
The ITAT rules that GST refunds are not automatically taxable if the tax was never claimed as a…
Articles by & updated by Sai Sankar
Experts Warn Trump Immunity from IRS Audit Could Erode Trust in Tax System
Experts warn that a settlement shielding Trump from IRS audits undermines tax system equality and risks damaging public…
Jeff Bezos Proposes Plan That Could Eliminate Federal Income Tax for Bottom Half
Jeff Bezos proposes eliminating federal income tax for the bottom half of earners in 2026, citing its low…
Missouri Governor Puts Income Tax Elimination Plan on August Ballot as Amendment 5
Missouri Gov. Mike Kehoe places Amendment 5 on the August 2026 ballot to phase out state income tax…
IRS Weighs Adding Citizenship Question to 2027 Form 1040
IRS considers 2027 Form 1040 citizenship checkbox, linking tax filing to immigration status amid OBBBA enforcement and data-sharing…
5-Year Tax-Saving Bank Deposits Return as Section 80C Options. But Are They Right for Nris?
NRIs must weigh tax regime choices and liquidity needs before investing in 5-year tax-saving FDs, as benefits only…
Nris Face Higher Capital Gains Tax Without Indexation When Selling Indian Property
India’s new capital gains rules can raise NRI property tax bills despite a lower 12.5% rate. Without indexation,…
How to Split Social Security and Medicare Tax When Switching F-1 OPT to H-1B in One Year
Learn how to manage F-1 to H-1B tax transitions, separate exempt FICA wages, and file for Social Security…
H-1B Lottery Weights Wages Higher in Fiscal Year 2027, Benefiting High Earners
H-1B registrations for FY 2027 dropped 38.5% as new wage-weighted rules and beneficiary-centric selection favor high-paid, advanced degree…