Taxes

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Lasted Taxes

IRS 2025 vs 2024 Tax Brackets: Detailed Comparison and Changes

The IRS adjusted 2025 tax brackets for inflation, increasing income thresholds by about 2.8% from 2024, allowing more income to…

IRS Releases 2025 Federal Income Tax Brackets

The IRS announced 2025 federal income tax brackets adjusted for inflation to prevent "bracket creep." Marginal tax rates remain at…

NRI Taxation on Real Estate Capital Gains Reinvestment

NRIs can benefit from reinvesting real estate capital gains by utilizing Sections 54 and 54F of the Indian Income Tax…

Can H1B Visa Holders Earn 1099 Income?

H1B visa holders generally cannot receive 1099 income, as they are required to work as employees, not independent contractors. Compliance…

Understanding the Employee Retention Credit

The Employee Retention Credit (ERC) is a refundable tax credit from the CARES Act to help businesses retain employees during…

NRIs Tax Clearance Mandatory from October 2024

Starting October 1, 2024, certain Non-Resident Indians (NRIs) and individuals moving abroad must get a tax clearance certificate before leaving…

How to Get a Tax Clearance Certificate in India

A Tax Clearance Certificate (ITCC) from Indian tax authorities verifies that an individual has paid all due taxes. While typically…

Govt Clarifies Tax Clearance for Indians Moving Abroad

The Indian government clarifies that only individuals with significant financial irregularities or tax arrears over ₹10 lakh need a tax…