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.
Section 121 Home Sale Exclusion: Ownership, Use, and Limits Explained
Section 121 lets sellers exclude up to $250,000 (single) or $500,000 (joint) of gain on a main home if they meet two‑year ownership and use tests within the five years…
QPRI Exclusion Continues Through 2025; $750K/$375K Limits Apply
QPRI permits excluding forgiven mortgage debt used to buy, build, or substantially improve your principal residence for discharges…
Depreciation Recapture Reduces Section 121 Exclusion on Home Sale
In 2025, Section 121 permits exclusion of up to $250,000 ($500,000 married) if you owned and lived in…
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…
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…
₹12 Lakh Tax-Free Under India’s 2025 Income Tax Bill. What Nris Need to Know
India implements the Income Tax Bill 2025 with new slabs and NRI relief as families navigate higher U.S.…
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.…