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.
Tax Refunds Surge as 30 Million Americans Claim Deductions on Schedule 1-A
The 2026 tax season shows average refunds hitting $3,462 as taxpayers claim new deductions for overtime and senior status under the One Big Beautiful Bill.
Virginia Governor Ends Tax Exemptions for United Daughters of the Confederacy
Governor Spanberger signs HB 167, ending long-standing tax exemptions for Confederate-linked groups like the United Daughters of the…
U.S. Corporations Face 80% Taxable Income Limit on Nols, While Capital Losses Offset Only Gains
IRS rules in 2026 separate corporate capital losses from NOLs, restricting offsets and applying different carryforward limits to…
IRS Lists Occupations with Tip Tax Exemption Under One Big Beautiful Bill Act
IRS finalizes 'No Tax on Tips' rules for 71 jobs in 2026. Eligible workers can deduct $25k, but…
Connecticut Sees Bigger Tax Refunds Under One Big Beautiful Bill Act
Connecticut federal tax refunds average $3,521 in 2026, up 11% due to the One Big Beautiful Bill Act,…
USPS Postmark Rule Reinforces “timely Mailed Is Timely Filed” Under IRC § 7502
New USPS rules mean mail is postmarked at sorting facilities, not mailboxes. This risks late IRS penalties for…
Export Duty Refund Allowed as Fresh Claim Under Section 54 of CGST Act
Exporters can refile GST refund claims after a rejection if they remain within the 2-year limit under Section…
U.S. Tax System Layers Federal Income Tax, State Tax, and Social Security Withholding
A guide to the multi-layered U.S. tax system, explaining federal and state income taxes, payroll deductions, and tax…
Small Businesses Must Disclose Investments on ITR-4 Under Presumptive Taxation for AY 2026-27
India's CBDT updates ITR-4 for 2026-27, adding a mandatory investment disclosure field for taxpayers using the simplified presumptive…
IRS Reports 24% Increase in Tax Refunds Compared to Previous Administration
IRS data confirms an 11% rise in average refunds to $2,290 for 2026, while a 24% political comparison…