Taxes
Tax filing requirements for immigrants, visa holders, expats, and NRIs. Covers 2026 brackets, treaty benefits, FBAR and FATCA compliance, ITIN applications, and state tax obligations for non-residents.
Top questions about Taxes
Answers from VisaVerge guidesWhat is the main U.S. federal filing deadline for India-to-U.S. movers in 2026 tax year?
April 15, 2027 is the main U.S. federal filing deadline for many India-to-U.S. movers reporting both Indian and U.S. income for tax year 2026.
Read: RNOR vs ROR in India: Navigating DTAA in Mid-Year MigrationHow does tax residency status affect H-1B visa holders for the 2025 tax year?
H-1B visa holders may be resident aliens, nonresident aliens, or dual-status filers based on their days of presence in the United States during 2025 and prior years, which impacts how they file taxes and what income is taxable.
Read: H-1B Visa Holders Face Substantial Presence Test in 2026. When Are They Resident Aliens?What are the implications of not updating tax residency for Indian citizens moving to Canada or the U.S. in 2025?
People who keep old statuses can be treated as full residents in two places at the same time, leading to dual taxation until they correct their records.
Read: Indian Tax Residency 2025: 182/60-Day Rules and Update ImplicationsHow does this affect U.S. immigration and tax filings for NRIs?
U.S. tax residents with India activity like property or frequent cash movements may need to report these assets under IRS rules, including FBAR and Form 8938 filings.
Read: Union Budget 2026-27 Sets 30% Tax Rate on Unexplained Income in Cash Credits and InvestmentsDoes India's Budget 2026 affect how NRIs report their income to the IRS?
No, U.S. residents must still report worldwide income and foreign assets regardless of India-side disclosures.
Read: NRIs in U.S. Must Report Global Income Despite India's Budget 2026 Simplification
₹1,000 Credit Card Cashback Usually Isn’t Taxable in ITR 2026. but High-Value Rewards May Be
Personal credit card rewards in India are generally non-taxable rebates, but business-linked benefits and high-value spending may face scrutiny in ITR 2026.
Tiger Global Tax Ruling Prompts GAAR Grandfathering Review for Foreign Investors
India's 2026 GAAR amendment shields pre-2017 investment transfers from anti-abuse rules, though broader offshore structures face continued scrutiny…
Delhi High Court Rules Interest Earned During Project Setup Can Be Income from Other Sources
Delhi High Court rules interest earned on project-linked deposits is a non-taxable capital receipt, distinguishing it from taxable…
Landlords Face Possible Capital Gains Tax Hike as 1031 Like-Kind Exchanges Lose Favor
Landlord capital gains rates remain at 0%, 15%, and 20% in 2026. New OBBBA rules enhance deductions but…
Ending Birthright Citizenship Could Cost U.S. $7.7 Trillion, Hit California and Texas
Princeton study warns that ending U.S. birthright citizenship would cost the economy $7.7 trillion and increase the unauthorized…
IRS Warns 2021 Form 1040 Filers: Claim Recovery Rebate Credit to Avoid Penalties
IRS taxpayers have until July 10, 2026, to claim pandemic-era tax penalty refunds following the Kwong ruling and…
Missouri General Assembly Approves Tax Swap, Putting Income Tax Elimination to Voters
Missouri voters will decide in November 2026 whether to repeal state income taxes and replace them with expanded…
Texas Federal Court Vacates IRS Rule Targeting 831(b) Micro-Captive Tax Shelters
Texas court vacates IRS listed transaction rule for 831(b) micro-captives but keeps disclosure rules for transactions of interest…
IRS Blocks Project Soy Tax Strategy, Targeting Liberty Global Inc. Under Section 245A
IRS wins $109M court battle against Liberty Global after judge rules 'Project Soy' tax maneuver lacked economic substance…
IRS Revives Commensurate-With-Income Standard in Platform Contribution Transactions
IRS Memo AM 2025-001 revives the 'commensurate with income' standard, allowing tax adjustments based on actual profits rather…