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 InvestmentsWhat should NRIs do to comply with tax residency rules for FY 2025-26?
NRIs must document their entry/exit dates to determine 182-day residency under Section 6 and report and pay tax on Indian-sourced income accordingly.
Read: NRI Tax Residency 2025-26: 120-Day Rule and Deemed Residency
IRS Warns Corporations: Capital Losses Can’t Offset Income, Nols Still Capped at 80%
Corporate tax rules in 2026 strictly separate capital losses from NOLs, imposing different carryover limits and an 80% deduction cap on operating losses.
Accrual-Method Corporations Must Delay Related-Party Deductions Under Section 267(a)(2)
Section 267(a)(2) prevents accrual-method corporations from deducting expenses owed to related cash-method parties until actual payment is made…
Arizona’s Retirement Tax Benefits Include Social Security Exemption Under One Big Beautiful Bill Act
Arizona retirees gain new $6,000 tax deductions in 2026. Social Security remains state-exempt, offering significant relief for seniors…
Pennsylvania Pension Exemption Lets Immigrants Keep Social Security Tax-Free After 59.5
Pennsylvania exempts Social Security and pensions from state tax for 2026 residents, though foreign pensions and early withdrawals…
Illinois Plans 4.95% Flat Tax on Retirement Income in 2026, Ending Exemptions
Illinois exempts retirement income from state tax in 2026. Residents must use Form IL-1040 and Schedule M to…
IRS Reports Average 2026 Tax Refund Up $350 as Millions Choose Direct Deposit
Average 2026 tax refunds increased 11.1% to $3,521, driven by expanded deductions and child credits under the One…
90% Loss Deduction Ends as IRS Tightens Tax Rules on 2026 World Cup Betting
New 2026 IRS rules cap gambling loss deductions at 90% of winnings, potentially creating taxable income for World…
China Targets Offshore Investors as Tax Revenue Grows 11.5% Under CRS Data Exchanges
China leverages CRS data and AI to boost tax revenue by 11.5%, targeting undeclared offshore assets and global…
Arkansas Gov. Sarah Sanders Calls Special Session to Cut State Income Tax Rates
Arkansas Governor Sanders proposes a 0.2% income tax cut for 2026, contingent on budget terms avoiding new Medicaid…
One Big, Beautiful Bill Act Expands New York State Tax Exemptions for Social Security Benefits
Essential 2026 tax deadlines, New York pension exemptions, and federal updates for immigrants and retirees, highlighting the link…