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SIMPLE IRA Early Withdrawals: 25% Penalty in First 2 Years
Retirement withdrawal rules are unchanged for 2024–2025: most distributions before 59½ face a 10% penalty, but SIMPLE IRA withdrawals within…
Roth IRA Qualified Distributions: Five-Year Rule and Exceptions
IRS reaffirmed Roth IRA rules for 2024–2025: qualified distributions need a 5-year period plus a qualifying event. Non-qualified withdrawals follow…
Self-Employment Tax Essentials: Rates, Deductions, and Filing Basics
Pay self-employment tax if net self-employment earnings reach $400, using Schedule C and Schedule SE; SE tax is 15.3% (2024…
Avoiding the 6% IRA Excess Tax: Timely Withdrawals and Reporting
Correct excess IRA or HSA contributions before the tax return due date (including extensions) by removing the excess and earnings…
Key Exceptions for Distributions from Qualified Plans and IRAs
Early retirement distributions before 59½ may incur a 10% tax, but statutory exceptions—such as medical expenses over 7.5% of AGI,…
Understanding the 2025 AMT: Exemptions, Phaseouts, and Rates
The 2025 AMT applies to taxpayers with large SALT, ISO adjustments, or depreciation differences; exemptions are inflation-indexed ($137,000 MFJ). Compute…
Why EB-4 Religious Worker Visas Were Unavailable in October 2025
October 2025: EB-4 general reopens with FY2026 dates, but EB-4 SR remains Unavailable because its statutory authorization expired on September…
Early Planning Is Essential for Indian U.S. Visa Applicants
From September 2025, Indian B1/B2 applicants must attend in-person interviews and can only apply within India. Expect longer waits—months in…