Taxes
Latest in Taxes
QPRI Exclusion Continues Through 2025; $750K/$375K Limits Apply
QPRI permits excluding forgiven mortgage debt used to buy, build, or substantially improve your principal residence for discharges after 2006…
Comprehensive List of Income Exclusions and Tax-Free Items Explained
Immigrants filing U.S. taxes can reduce taxable income using exclusions: tax-exempt municipal bond interest, up to $250,000/$500,000 home sale gain…
U.S. Imposes 25% India-Specific Tariff, Effective Aug 27, 2025
The U.S. announced August 2025 tariffs adding a 25% India duty plus a 10% baseline, with +50% metals and +25%…
Congress Advances Infertility Tax Credit as U.S. Birth Rate Falls
A bipartisan bill would create a tax credit covering up to 50% of infertility treatment costs, capped at $15,000 and…
India’s New Income Tax Bill 2025: Slabs, NRI Benefits, Effective 2026
India’s New Income Tax Bill, 2025 overhauls the tax code: new slabs effective FY 2025-26, ₹12 lakh tax-free threshold, ₹75,000…
Green card holder in China criticizes U.S. worldwide tax on foreign income
Green card holders in China must continue filing U.S. returns reporting worldwide income in 2025. FEIE rises to $130,000; base…
CBDT clarifies: tax officials will analyse only financial data
Passed August 11, 2025, the Income Tax Bill updates rules for digital-era investigations. Section 247 allows authorized officers to access…
German aviation lobby urges halving €35 passenger tax as carriers avoid airports
BDL warns Germany’s €35 air passenger tax is prompting airlines to redeploy aircraft abroad, reducing routes and jobs. Despite calls…