Taxes

Latest in Taxes

Colorado’s 2025 tax rate stays 4.40%; no temporary reduction this year

The 2025 Colorado state income tax stays at 4.40% after net excess revenue (~$293.3 million) fell below SB 24‑228’s $300…

Arizona 2.5% Flat Tax for 2025: Thresholds and Immigrant Impact

Arizona maintains a 2.5% flat tax for 2025 (filed in 2026). Determine residency to report proper income, meet April deadlines,…

Alaska Tax Benefits for Residents and Immigrants in 2025–26

Alaska has no state personal income tax or statewide sales tax, but local sales taxes and a corporate income tax…

Alabama 2025 State Tax Brackets: 2%, 4%, 5% for Immigrants

For 2025 Alabama keeps three income tax brackets—2%, 4%, 5%—with low thresholds that raise many workers into 5%. Use federal…

UK Asylum Claims Reach Record High in 2025 Amid Backlog Reduction Efforts

UK asylum applicants must prove risk of serious harm and cannot be safe at home. The Rwanda Plan was canceled,…

IRS Raises 2025 Annual Gift Tax Exclusion to Historic $19,000

The IRS has increased 2025 gift tax exclusions and lifetime exemptions to record amounts. These changes impact U.S. citizens, couples,…

Top 10 Tax Haven Countries Offering Maximum Tax Benefits Globally

Top tax haven countries like Cayman Islands and UAE offer low or no personal taxes, relying on indirect revenue like…

Comprehensive Guide to Reporting Wages, Tips, and Employee Income

Immigrants must report all earnings, including foreign income, using correct forms—W-2 for employees, 1099-NEC for contractors. Tips, bonuses, and special…