Taxes
Latest in Taxes
No New OPT-Specific Taxes in 2025 Despite Major Tax Law
No OPT-specific tax exists as of August 8, 2025. The OBBBA (July 4, 2025) changed general tax rules but did…
Can You Take a Loan from Your 401(k)? Rules, Limits, Risks Explained
A 401(k) loan provides quick, credit-check-free cash but reduces retirement growth. Confirm plan loan availability, calculate the lesser of $50,000…
Understanding Dual Citizenship: Rights, Rules, and Tax Responsibilities
Dual citizenship requires both countries’ permission and can arise by birth, descent, marriage, or naturalization. Gather certified documents, check renunciation…
New U.S. Tariff Rules Impose Duties on All Gifts from India
U.S. trade policy changes end the duty-free allowance for packages under $800 from India effective August 29, 2025. Now, all…
What Trump’s Executive Order Means for 401(k) Private Equity Access
The August 2025 executive order begins regulatory review to allow private equity and crypto investments in 401(k) plans. New options…
U.S.-India Tax Treaty and 401(k) Withdrawals: Key Facts for Indian Residents
Indian residents do not get treaty tax relief on U.S. 401(k) withdrawals and face a 30% U.S. withholding tax. Early…
Navigating 401(k) Withdrawals for Non-U.S. Citizens Living Abroad
Non-U.S. citizens can withdraw 401(k) funds but face 30% default U.S. withholding tax. Tax treaties may reduce this rate. Required…
Correct Filing Fees and Payment Methods for I-130, I-485, I-765 Concurrent Filing
Eligible immigrants in the U.S. can concurrently file Forms I-130, I-485, and I-765 with separate fees totaling $2,375. Immediate relatives…