Who Pays a 50% U.S. Tariff on Indian Goods and Why It Matters
Legally paid by U.S. importers, a 50% tariff on Indian goods would economically burden consumers and Indian exporters,…
Trump Pushes Major H-1B Overhaul: Cap-Exempt Revisions and New Wage-Based System
A comprehensive H-1B overhaul tightens specialty-occupation rules, narrows cap-exempt eligibility, and shifts to a wage-weighted selection by FY2027,…
Germany and UAE emerge as top picks for Indian students in 2024–25, overtaking US/Canada
upGrad’s TNE Report finds Indian students shifting toward Germany and the UAE for 2024–25, driven by affordability, clear…
Understanding Casualty and Theft Deductions Under TCJA for Federally Declared Disasters
From 2018–2025, personal casualty or theft deductions generally require a federally declared disaster; qualified disasters use a $500…
Understanding Charitable Contributions: What Qualifies and What Doesn’t
Confirm charity status, keep bank records and contemporaneous acknowledgments for gifts of $250+, use Form 8283 for non-cash…
Canada’s 2025 Student Visa Crackdown: Who Is Being Left Behind?
Canada’s 2025 student visa reset cut the new-permit cap to 437,000 and saw rejection rates near 62%, with…
Trump Admin Moves to Scrap FSOT for Merit-Based Foreign Service Exam
The State Department will replace the FSOT with a merit-based exam excluding DEI factors, adding objective skills tests…
Indian Students in U.S. Confront Visa Scrutiny and Shrinking Part‑Time Work
In 2025 intensified visa enforcement and reduced part-time work have led to over 6,000 student visa revocations, hitting…
Permanent $750,000 Acquisition Debt Limit Enacted for 2026 Onward Under OBBBA
Acquisition indebtedness interest is deductible within caps: $750,000 for post-12/15/2017 loans and $1,000,000 for older loans. OBBBA makes…
2025 SALT Deduction Cap Rises to $40,000 for Most Filers
In 2025 the SALT cap rises to $40,000 ($20,000 if married filing separately). You can deduct either state…
Understanding Medical and Dental Expenses Deductions for 2024: What Qualifies
You can deduct medical expenses actually paid during the tax year that exceed 7.5% of AGI; eligible items…
Nondeductible Expenses List: What IRS Rules Say About Personal Costs
The IRS, as of September 3, 2025, continues to bar deductions for most personal expenses unless they are…
When Schedule A Itemizing Beats the Standard Deduction for 2024 Returns
For 2024 returns (filed in 2025), taxpayers should compare the standard deduction ($14,600 single; $21,900 HOH; $29,200 MFJ)…
New 2025 Standard Deduction: Rates, Add-Ons, and Who Qualifies
2025 standard deduction amounts rise to $15,750 (Single), $23,650 (HOH), and $31,500 (MFJ), with larger age/blind add-ons and…