Taxes
Latest in Taxes
Understanding Weekly Year and Fiscal Year for U
This 2026 tax guide details the differences between calendar and fiscal years for individuals and businesses. It highlights the critical…
Big India Returns, Bigger Tax Shock: Why Nris Are Losing Money on Investments
NRIs in the U.S. face aggressive tax treatment on Indian mutual funds (PFICs) and significant withholding on property sales (Section…
Budget 2026: Every Taxpayer’s Hopes Are Pinned on Income Tax Slab Relief
Effective April 2025, India's new tax regime offers a Rs 4 lakh exemption and a full rebate for incomes up…
Green Card Holders 2026 Tax Filing Guide: Deadlines & FEIE
Green card holders are mandated to file U.S. taxes on worldwide income. For tax year 2025, filings are due April…
Guide Clarifies Uniform Capitalization Rules Unicap Internal Revenue Code
The UNICAP rules under IRC §263A require many U.S. businesses to capitalize production and resale costs into inventory. This affects…
TDS Threshold Doubled to ₹1 Lakh for Senior Citizens with Form 15H
India reported doubling the senior citizen interest TDS threshold to ₹1,00,000. While this reduces immediate tax withholding by banks, it…
Virginia 2026 state income tax brackets and standard deduction updates
Virginia’s 2026 tax rates remain unchanged at 2% to 5.75% across four brackets. However, the standard deduction increases to $8,750…
New Tax Year Replaces Assessment Year Aligning Financial Year Rules
Beginning April 1, 2026, India transitions to a unified 'Tax Year' system under the new Income Tax Act, 2025. This…