Taxes
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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…
Could Remittance Excise Tax Drive H‑1B Families to Use Crypto or Informal Methods?
OBBB’s 1% remittance tax targets money transfers abroad starting 2026, impacting H-1B families who might face higher costs and shift…
Impact of New Remittance Excise Tax on H‑1B Families Sending Money Home
Starting January 2026, a 1% federal tax applies on cash remittances sent abroad, impacting H-1B families. The tax excludes electronic…