Taxes
Tax Central: Your essential source for the latest in tax laws, filing tips, and deductions. Ideal for navigating complex tax requirements with ease.
Tax-Efficient Investing for NRIs in the U.S.: Practical Tips
Navigating U.S.-India cross-border investments requires prioritizing U.S. tax residency rules. Investors should avoid Indian mutual funds to bypass PFIC complexities, utilize the India-U.S. DTAA for tax credits, and maintain rigorous…
Dual-Status Tax Return Guide 2026: Filing Rules and Steps
Dual-status taxpayers must file a two-part paper return because e-filing is unavailable. The filing combines Forms 1040 and…
Tax Filing Guide for L-1 Visa Holders in 2026: Residency and Forms
L-1 visa holders must use the Substantial Presence Test to define their 2026 tax residency. This status dictates…
Where Indian-Origin U.S. Residents Invest Abroad in 2025: Tax and Trends
U.S. tax residents of Indian origin must report all global income, including rental earnings and capital gains from…
IRS Announces 2026 Standard Mileage Rates: Business at 72.5¢
The IRS updated 2026 mileage rates, increasing the business rate to 72.5 cents per mile. Medical and moving…
Hawaii 2026 State Income Tax Rates and Brackets: What Changes?
Hawaii’s 2026 income tax rules remain steady with a 1.4% to 11% rate range. This consistency helps new…
Treasury and IRS Propose Higher TPSO Backup Withholding Thresholds
The IRS proposed new rules for payment platforms regarding backup withholding. Starting for tax years after 2024, withholding…
Get Ready for 2026 Tax Season: Set Up IRS Online, Gather Records
Taxpayers must file 2025 returns by April 15, 2026. Preparation involves using IRS Online Accounts, gathering W-2/1099 forms,…
Prepare for 2026 Tax Season: Key Updates and Tips
A comprehensive guide for immigrants filing 2026 U.S. taxes. It covers residency tests (1040 vs. 1040-NR), the push…
IRS Guidance on Car Loan Interest Deduction Under One, Big, Beautiful Bill
A new tax deduction for interest on loans for American-made cars is pending. The public comment period ends…