Taxes
Latest in Taxes
Does the Remittance Excise Tax Apply Equally to Cash and Electronic Transfers by H‑1B Visa Holders?
Starting after 2025, the One Big Beautiful Bill Act imposes a 3.5% excise tax on remittances by non-U.S. citizens, including…
Could OBBB Remittance Tax Push H-1B Families to Use Informal Transfers?
The OBBB remittance tax, effective late 2025, targets cross-border transfers over $15, affecting H-1B families and others. It raises costs,…
One Big Beautiful Bill Raises Standard Deduction, Impacts H-1B Tax Planning
The One Big Beautiful Bill Act raises the standard deduction, extends mortgage interest limits, and increases SALT deductions. H-1B visa…
Can H‑1B Visa Holders Claim Student Loan Interest Deduction After One Big Beautiful Bill Act?
The 2025 One Big Beautiful Bill Act permanently excludes employer-paid student loan repayments from taxable income. Resident alien H-1B workers…
Impact of 1% Remittance Excise Tax on H-1B Single-Income Professionals
Starting January 2026, a 1% excise tax on remittances affects H-1B visa holders and other senders. Banks automatically deduct the…
Will Dual-Income H-1B Households in High-Tax States Face Higher Marginal Rates Under Revised SALT Cap?
The SALT deduction cap may rise to $40,000 in 2025 for incomes below $500,000, giving tax relief to many dual-income…
How the One Big Beautiful Bill Could Shape Future Immigration Policies
Passed July 3, 2025, the One Big Beautiful Bill raises immigration fees, adds a remittance tax, and increases enforcement funding.…
How the One Big Beautiful Bill Act Affects Federal Tax Brackets for Single-Income H‑1B Families
Effective 2025, the One Big Beautiful Bill permanently keeps lower federal tax rates and raises standard deductions, aiding single-income H-1B…