Knowledge

Latest in Knowledge

Airline Safety Records & Ratings: How Much Should Travelers Care?

2025 safety rankings now weight live operational data across 380+ airlines, elevating carriers like Air New Zealand for ICAO scores,…

August–October 2025 Guide: U.S. Visa Changes Indian Applicants Must Know

New rules (Aug–Oct 2025) require in-person passport pickup for adults, hard-copy consent for minors, restrict Dropbox renewals, and impose a…

Alimony: Definition, Qualifying Criteria, and Exclusions Explained

Post-2018 divorce instruments: alimony nondeductible for payers and not taxable to recipients. Pre-2019 instruments generally follow old deduct-and-include rules unless…

TCJA Suspension: Moving Expense Deduction Rules and Military Exception

Moving expense deductions are unavailable to civilians through 2025 and permanently repealed for non-military taxpayers from 2026; active-duty members with…

2024 Educator Expense Deduction Rules and Qualified Expenses Explained

The Educator Expense Deduction stays at $300 and the Student Loan Interest Deduction remains up to $2,500 for 2025. Eligible…

Roth IRA Contribution Limits, MAGI Phases and 2024 Thresholds Explained

2024 Roth IRA eligibility depends on MAGI and filing status, with phase-outs for singles ($146k–$161k) and joint filers ($230k–$240k). Roths…

IRA Contribution Limits Hold at $7,000/$8,000 for 2024-2025

IRS held IRA limits at $7,000 (under 50) and $8,000 (50+) for 2024–2025; contributions are limited by the lesser of…

2025 Spousal IRA Rules: Contribution Limits, MAGI Phaseouts

For 2025, spouses filing jointly can use the spousal IRA: $7,000 each under 50, $8,000 if 50+. Full Roth allowed…