Taxes
Latest in Taxes
How the 1–3.5% OBBBA Remittance Tax Affects Immigrants’ Costs
A 3.5% remittance tax on non-U.S. citizen electronic transfers could raise $2.38 billion but may reduce money sent home. Providers…
How the New Big Beautiful Bill Could Change H1B Visa Tax Returns
As of July 2025, the One Big Beautiful Bill Act awaits Senate approval. It keeps the 37% top tax rate…
Airlines Applaud Sweden Ending Aviation Climate Tax in 2025
Sweden's removal of its aviation climate tax in 2025 aims to boost air travel and economy but raises environmental concerns.…
Trump Developing Deportation Exemptions for Migrant Farmworkers
The Trump administration prepares a temporary pass for undocumented farm and hotel workers, prioritizing labor needs during mass deportations. With…
Vance Calls Medicaid Cuts ‘Immaterial’ Compared to ICE Funding Increase
The Senate approved a sweeping tax-cut bill with $1 trillion Medicaid cuts and increased ICE funding. Vice President JD Vance's…
Understanding Accounting Periods: Calendar Year vs Fiscal Year Explained
Selecting the correct accounting period and method is crucial for U.S. taxes. Most individuals choose the calendar year with the…
California Explains Trump’s One Big Beautiful Bill Cutting Remittance Tax to 1%
Starting July 2025, the One Big Beautiful Bill Act enforces a 1% tax on specific remittance methods by non-U.S. citizens,…
France, Spain Back Aviation Tax on Private Jets to Fund Climate Action
France leads with a private jet tax since March 2025; Spain and coalition members plan similar taxes targeting high-emission travelers.…