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Understanding Casualty and Theft Deductions Under TCJA for Federally Declared Disasters
From 2018–2025, personal casualty or theft deductions generally require a federally declared disaster; qualified disasters use a $500 per-event reduction…
Understanding Charitable Contributions: What Qualifies and What Doesn’t
Confirm charity status, keep bank records and contemporaneous acknowledgments for gifts of $250+, use Form 8283 for non-cash gifts over…
Canada’s 2025 Student Visa Crackdown: Who Is Being Left Behind?
Canada’s 2025 student visa reset cut the new-permit cap to 437,000 and saw rejection rates near 62%, with stricter proof-of-funds…
Trump Admin Moves to Scrap FSOT for Merit-Based Foreign Service Exam
The State Department will replace the FSOT with a merit-based exam excluding DEI factors, adding objective skills tests and constitutional…
Indian Students in U.S. Confront Visa Scrutiny and Shrinking Part‑Time Work
In 2025 intensified visa enforcement and reduced part-time work have led to over 6,000 student visa revocations, hitting Indian students…
Permanent $750,000 Acquisition Debt Limit Enacted for 2026 Onward Under OBBBA
Acquisition indebtedness interest is deductible within caps: $750,000 for post-12/15/2017 loans and $1,000,000 for older loans. OBBBA makes the $750,000…
2025 SALT Deduction Cap Rises to $40,000 for Most Filers
In 2025 the SALT cap rises to $40,000 ($20,000 if married filing separately). You can deduct either state income or…
Understanding Medical and Dental Expenses Deductions for 2024: What Qualifies
You can deduct medical expenses actually paid during the tax year that exceed 7.5% of AGI; eligible items include dental…