Taxes
Latest in Taxes
Modi Announces Income Tax Relief, GST Cuts; Rs 2.5 Lakh Cr Savings
From September 22, 2025, India makes income up to ₹12 lakh tax-free and remaps GST to 5%, 18%, and 40%,…
No evidence of Microsoft staff mass return amid H-1B policy shifts
The Trump administration proposed a $100,000 H‑1B filing fee and a four‑year cap for many student stays. Implementation details are…
Trump’s $100,000 H-1B Fee Triggers Tech Stock Reactions
A presidential proclamation imposes a $100,000 annual fee on new H-1B filings from September 21, 2025, triggering market drops in…
US-India Totalisation Pact Remains Unratified, Billions at Stake
Without a totalisation agreement, many Indian professionals in the U.S. pay Social Security taxes but risk losing benefits if they…
Canada Child Benefit Payment Arrives September 19, 2025
The Canada Child Benefit on September 19, 2025, will include a 2.8% inflation adjustment. Max monthly rates: $666.42 (under 6)…
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.,…