Taxes
Latest in Taxes
Comprehensive List of Income Exclusions and Tax-Free Items Explained
Immigrants filing U.S. taxes can reduce taxable income using exclusions: tax-exempt municipal bond interest, up to $250,000/$500,000 home sale gain…
U.S. Imposes 25% India-Specific Tariff, Effective Aug 27, 2025
The U.S. announced August 2025 tariffs adding a 25% India duty plus a 10% baseline, with +50% metals and +25%…
Congress Advances Infertility Tax Credit as U.S. Birth Rate Falls
A bipartisan bill would create a tax credit covering up to 50% of infertility treatment costs, capped at $15,000 and…
India’s New Income Tax Bill 2025: Slabs, NRI Benefits, Effective 2026
India’s New Income Tax Bill, 2025 overhauls the tax code: new slabs effective FY 2025-26, ₹12 lakh tax-free threshold, ₹75,000…
Green card holder in China criticizes U.S. worldwide tax on foreign income
Green card holders in China must continue filing U.S. returns reporting worldwide income in 2025. FEIE rises to $130,000; base…
CBDT clarifies: tax officials will analyse only financial data
Passed August 11, 2025, the Income Tax Bill updates rules for digital-era investigations. Section 247 allows authorized officers to access…
German aviation lobby urges halving €35 passenger tax as carriers avoid airports
BDL warns Germany’s €35 air passenger tax is prompting airlines to redeploy aircraft abroad, reducing routes and jobs. Despite calls…
John Oliver Calls ICE Crackdown ‘Driving Up Arrests at All Costs’
On May 14, 2025, John Oliver revealed ICE directed field offices to reach 1,200–1,500 arrests daily, roughly 75 per office,…