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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 the $750,000…
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 income or…
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 include dental…
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 ordinary, necessary,…
When Itemizing Deductions on Schedule A Beats the Standard Deduction in 2025
For 2024 returns (filed in 2025), taxpayers should compare the standard deduction ($14,600 single; $21,900 HOH; $29,200 MFJ) with itemized…
Understanding 2024 Standard Deduction Rules and Eligibility Impacts
2025 standard deduction amounts rise to $15,750 (Single), $23,650 (HOH), and $31,500 (MFJ), with larger age/blind add-ons and a temporary…
US Announces New Immigration and Travel Fees Starting Sept 30, 2025 Under H.R. 1
Starting Sept 30, 2025, DHS raises key travel fees: ESTA to $40, Form I-94 (land) to $30, and EVUS to…
Campus Ambassador Roles Abroad: A Smart ₹25K–₹70K Monthly for Indian Students
Campus Ambassador positions offer Indian students abroad flexible, resume-building work with typical monthly stipends of ₹25,000–₹70,000; duties take about 3–5…