56% of French Households Pay No Income Tax in 2025 as Thresholds Shift
Latest 2025 data shows 56% of French households pay no income tax, but total tax burdens remain high.…
Australia to Phase Out 50% CGT Discount, 30% Minimum Tax Starts 2026
Australia to replace the 50% CGT discount with inflation indexation and a 30% minimum tax starting July 1,…
IRS Issues Final No-Tax on Tips Rules With $25,000 Annual Deduction Cap
IRS finalizes 'No Tax on Tips' rules for 2026, allowing a $25,000 annual deduction for 70+ occupations while…
Hawaii Senate Approves Bill 3125, Creating 13% Top Tax Rate for Millionaires
Hawaii enacts a 13% millionaire tax bracket for 2026 via a 2% surcharge on income over $1M, while…
U.S. Tax Extension Gives H-1B Workers Until October 15, 2026, to File Returns
The Oct 15, 2026 tax extension deadline provides more time to file, not pay. Confirm your extension status…
Missed April 15, 2026 Tax Deadline? File Now and Use IRS Payment Plans to Cut Penalties
Missed the April 15, 2026 tax deadline? File now, pay what you can, and check whether you filed…
Australia Tightens Negative Gearing, Replaces 50% Capital Gains Tax Discount from 2027
Australia proposes 2027 reforms to negative gearing and capital gains tax, favoring new builds over existing homes to…
Salaried Taxpayers Face July 31 ITR Deadline for AY 2026–27 Under Income-Tax Act, 1961
India sets 31 July 2026 for salaried tax filing and 31 August for non-audit business taxpayers. Proper form…
Taxpayers Must Mail Form 843 for Pandemic Penalty Relief by July 2026
The IRS deadline to claim refunds for pandemic-era late filing penalties is July 10, 2026. Taxpayers must mail…
U.S. Homeland Security Reviews 10 Countries, Including UAE, Where Crypto Gains Stay Tax-Free
USCIS and DHS tighten 2026 scrutiny on crypto profits in immigration cases, requiring full documentation despite zero-tax policies…
Labor Spares First Investment Properties in Negative Gearing, CGT Reform
Labor confirms July 2025 overhaul of negative gearing and CGT discounts, protecting only first investment properties while sparking…
₹12 Lakh Section 87A Rebate Doesn’t Shield Jewellery Long-Term Capital Gains
Clarifying India's 2026 tax rules: Jewellery LTCG follows the ₹4 lakh exemption limit, not the ₹12 lakh rebate…
LLC Members and Foreign Investors Must Track Outside Basis with Recourse and Nonrecourse Debt
Outside basis determines if partnership losses are deductible and if distributions are taxable, fluctuating based on income, contributions,…
Form 121 Replaces Forms 15G and 15H for TDS Declarations at Post Offices
India replaces Forms 15G/15H with Form 121 starting April 2026 to prevent TDS on interest income for residents…