Taxes
Latest in Taxes
US Tax Filing: Partial-Year Departure and Future Years with FBAR
Moving abroad does not suspend U.S. tax filing: file Form 1040 reporting worldwide income. Consider FEIE (Form 2555) or FTC…
Cross-Border Tax Planning for a Transition Year with Dual Income
To reduce transition-year double taxation, prove precise residency dates, check treaties for your income types, and document foreign taxes to…
Modi Announces Income Tax Relief, GST Cuts; Rs 2.5 Lakh Cr Savings
From September 22, 2025, India makes income up to ₹12 lakh tax-free and remaps GST to 5%, 18%, and 40%,…
No evidence of Microsoft staff mass return amid H-1B policy shifts
The Trump administration proposed a $100,000 H‑1B filing fee and a four‑year cap for many student stays. Implementation details are…
Trump’s $100,000 H-1B Fee Triggers Tech Stock Reactions
A presidential proclamation imposes a $100,000 annual fee on new H-1B filings from September 21, 2025, triggering market drops in…
US-India Totalisation Pact Remains Unratified, Billions at Stake
Without a totalisation agreement, many Indian professionals in the U.S. pay Social Security taxes but risk losing benefits if they…
Canada Child Benefit Payment Arrives September 19, 2025
The Canada Child Benefit on September 19, 2025, will include a 2.8% inflation adjustment. Max monthly rates: $666.42 (under 6)…
Kiddie Tax 2024: When Unearned Income Is Taxed at Parents
Parents can elect Form 8814 to report a qualifying child’s investment income on their return if the child meets age,…