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US Visa Overhaul 2025: What Indians Need to Know by November 1
New State Department rules restrict visa interviews by residence: nonimmigrant interviews enforced from September 6, 2025; immigrant interviews tied to…
Chennai Holds Narrow Window as H-1B Interview Slots Dry Up
By September 13, 2025, H-1B interview slots in India are largely unavailable except sporadically in Chennai. A one-reschedule policy since…
Kiddie Tax 2024: When Unearned Income Is Taxed at Parents
Parents can elect Form 8814 to report a qualifying child’s investment income on their return if the child meets age,…
Household Employee Rules and 2025 Tax Thresholds for Nannies
IRS updates for 2025 raise the household FICA cash-wage trigger to $2,800 and the Social Security wage base to $176,100.…
NIIT 3.8%: Thresholds and Form 8960 for Individuals, Estates
NIIT remains a 3.8% tax in 2025 on the lesser of net investment income or MAGI excess above thresholds (e.g.,…
2025 RMD Rules Explained: Age 73, QCDs, and Tax Penalties
RMDs begin at age 73 for most; first due April 1 after that year or by Dec 31 of the…
Understanding U.S. Income Tax: Progressive Brackets, AMT, and Credits
For 2024, the IRS kept a progressive tax system with inflation-adjusted brackets (10%–37%). Compute base tax, add other taxes on…
Understanding Form 5329: Additional Taxes on Tax-Favored Accounts
The IRS confirmed Form 5329 stays in use for 2025 to report additional taxes on tax-favored accounts: 6% for excess…