Taxes
Latest in Taxes
Does Underpaying Remittance Excise Tax Affect H-1B Visa Renewals or Sponsorship?
Beginning in 2026, a 3.5% remittance excise tax applies to non-U.S. citizens sending money abroad. H-1B visas and sponsorship are…
Impact of One Big Beautiful Bill Act’s Medicaid Cuts on H‑1B Tax Credit Claims
OBBBA’s 2025 Medicaid and SNAP cuts increase costs and reduce benefits for H-1B families relying on refundable tax credits. New…
Does the New Excise Tax Under OBBB Trigger FBAR for H-1B Holders?
A new 1% excise tax on electronic remittances begins in 2026 under the One Big Beautiful Bill Act. FBAR rules…
Will Dual‑Income H‑1B Couples Lose Education Credit Eligibility Under OBBBA?
H-1B couples holding valid SSNs can claim education credits under the OBBBA in 2025. The Act retains AOTC and LLC…
Does the One Big Beautiful Bill Act Require SSNs for Child Tax Credit Eligibility?
The OBBBA increases the Child Tax Credit but requires both parents to have work-eligible Social Security Numbers if filing jointly.…
Impact of OBBB Act’s $40,000 SALT Cap Increase on H-1B Families in CA, NY, TX
From 2025, the OBBB Act increases SALT deductions to $40,000, providing federal tax relief for H-1B families in high-tax states.…
Will Green Card Holders Share Remittance Tax Rules with H-1B Visa Holders Under OBBB?
Starting January 2026, a remittance tax of 3.5%-5% applies to H-1B visa and green card holders sending money abroad. Only…
Annual Remittance Tax Cost Difference for Single vs Dual-Income H-1B Households Under OBBBA
From December 31, 2025, a 1% excise tax on remittances impacts nonresident H-1B visa holders, doubling costs for dual-income families…