Taxes
Latest in Taxes
U.S. 50% Tariff on Indian Goods Starts Aug 27; Three Exemptions
The U.S. imposed a 50% tariff on many Indian imports effective Aug 27, 2025. A narrow in-transit carveout applies only…
OPT program under attack as lawmakers push termination and tighter rules
OPT remains active but faces major threats in 2025: H.R. 2315 would abolish OPT; the DIGNITY Act would end FICA…
Tax hurdles and rupee fears: European NRIs split on India investments
NRIs in Europe must balance taxes, rupee swings, and compliance when investing in India. Use NRE for repatriable, tax-free interest;…
Workers’ Compensation and Injury Payments: What Is Tax‑Exempt
Updated August 16, 2025: Workers’ compensation, compensatory damages for physical injury, and qualifying life insurance proceeds are generally tax‑free. Keep…
2023 Foreign Earned Income and Housing Exclusions: Rules and Limits
Americans abroad can exclude up to $120,000 (2023) of foreign earned income using Form 2555 if they have a foreign…
Overview of 529 Qualified Tuition Programs and Tax Treatment
529 plans (QTPs) provide tax-free growth and tax-free distributions for qualified education expenses; K–12 tuition cap is $10,000 per student…
Retiree in south denied French citizenship over majority foreign income
France implements Stricter Naturalization Rules Effective January 1, 2026, increasing B2 language requirement, adding a civic exam, and prioritizing French-sourced…
Singapore PR for Indians: Official SGD120 Fee, Online e-PR Process
As of August 2025, Singapore PR costs SGD 120 and must be filed online via ICA’s e-PR with SingPass. Processing…