Illinois Exempts Retirement Income from State Tax in 2026
Illinois exempts retirement income from state tax in 2026. Residents must use Form IL-1040 and Schedule M to…
Articles by & updated by Sai Sankar
IRS Reports Average 2026 Tax Refund Up $350 as Millions Choose Direct Deposit
Average 2026 tax refunds increased 11.1% to $3,521, driven by expanded deductions and child credits under the One…
90% Loss Deduction Ends as IRS Tightens Tax Rules on 2026 World Cup Betting
New 2026 IRS rules cap gambling loss deductions at 90% of winnings, potentially creating taxable income for World…
China Targets Offshore Investors as Tax Revenue Grows 11.5% Under CRS Data Exchanges
China leverages CRS data and AI to boost tax revenue by 11.5%, targeting undeclared offshore assets and global…
Arkansas Gov. Sarah Sanders Calls Special Session to Cut State Income Tax Rates
Arkansas Governor Sanders proposes a 0.2% income tax cut for 2026, contingent on budget terms avoiding new Medicaid…
New York Raises Pension Tax Exclusion for Seniors Ahead of 2026 Deadlines
Essential 2026 tax deadlines, New York pension exemptions, and federal updates for immigrants and retirees, highlighting the link…
O-1 Visa Holders with Extraordinary Ability File Form I-129 for Tax Status Updates
O-1 workers face new 2026 rules: mandatory Form I-129 updates, $2,965 premium fees, and strict tax residency compliance…
Oracle Layoffs Hit Thousands, Putting H-1B and F-1 OPT Tech Workers at Risk
Oracle layoffs highlight shifts toward AI infrastructure, creating job and immigration risks for H-1B and F-1 OPT workers…
Supreme Court Upholds Madras HC, Rules Reinsurance Premiums to Foreign Firms Not Taxable
India's Supreme Court rules that offshore reinsurance premiums are not taxable if the foreign reinsurer has no permanent…