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2023 Foreign Earned Income and Housing Exclusions: Rules and Limits
Americans abroad can exclude up to $120,000 (2023) of foreign earned income using Form 2555 if they have a foreign…
Overview of 529 Qualified Tuition Programs and Tax Treatment
529 plans (QTPs) provide tax-free growth and tax-free distributions for qualified education expenses; K–12 tuition cap is $10,000 per student…
USCIS Warns: Guests Must ‘Act Like It’ Under Expanded Social Media Vetting
USCIS expanded social media screening in 2025, adding social media fields to nine forms and requiring five years of handles.…
Tax Rules for Scholarships, Fellowships, and Education Benefits Explained
You can exclude qualified scholarships, bond interest, and Coverdell ESA distributions when used for tuition and required fees. Room and…
Guide to Employer-Provided Fringe Benefits: What Is Excludable from Income
Fringe benefits can be excluded or taxable based on specific IRS rules. Key exclusions: employer health plans, Archer MSAs (Box…
Tax Exclusion Rules for Service-Connected Military and Government Pensions
Learn when military and government disability pensions are tax-free federally, who qualifies, and required proof. Key points: 1975 protections, service-connected…
Depreciation Recapture Reduces Section 121 Exclusion on Home Sale
In 2025, Section 121 permits exclusion of up to $250,000 ($500,000 married) if you owned and lived in the property…
Section 121 Home Sale Exclusion: Ownership, Use, and Limits Explained
Section 121 lets sellers exclude up to $250,000 (single) or $500,000 (joint) of gain on a main home if they…