Taxes
Tax Central: Your essential source for the latest in tax laws, filing tips, and deductions. Ideal for navigating complex tax requirements with ease.
Comprehensive List of Income Exclusions and Tax-Free Items Explained
Immigrants filing U.S. taxes can reduce taxable income using exclusions: tax-exempt municipal bond interest, up to $250,000/$500,000 home sale gain exclusion, and Title 11 bankruptcy debt discharge. Verify eligibility under…
U.S. Imposes 25% India-Specific Tariff, Effective Aug 27, 2025
The U.S. announced August 2025 tariffs adding a 25% India duty plus a 10% baseline, with +50% metals…
Congress Advances Infertility Tax Credit as U.S. Birth Rate Falls
A bipartisan bill would create a tax credit covering up to 50% of infertility treatment costs, capped at…
India’s New Income Tax Bill 2025: Slabs, NRI Benefits, Effective 2026
India’s New Income Tax Bill, 2025 overhauls the tax code: new slabs effective FY 2025-26, ₹12 lakh tax-free…
Green card holder in China criticizes U.S. worldwide tax on foreign income
Green card holders in China must continue filing U.S. returns reporting worldwide income in 2025. FEIE rises to…
CBDT clarifies: tax officials will analyse only financial data
Passed August 11, 2025, the Income Tax Bill updates rules for digital-era investigations. Section 247 allows authorized officers…
German aviation lobby urges halving €35 passenger tax as carriers avoid airports
BDL warns Germany’s €35 air passenger tax is prompting airlines to redeploy aircraft abroad, reducing routes and jobs.…
John Oliver Calls ICE Crackdown ‘Driving Up Arrests at All Costs’
On May 14, 2025, John Oliver revealed ICE directed field offices to reach 1,200–1,500 arrests daily, roughly 75…
U.S. Imposes 50% Tariff on Indian Gems and Jewelry; Exports Plunge
A 50% U.S. tariff on Indian jewelry, effective August 27, 2025, significantly raises prices for buyers and travelers.…
No New OPT-Specific Taxes in 2025 Despite Major Tax Law
No OPT-specific tax exists as of August 8, 2025. The OBBBA (July 4, 2025) changed general tax rules…