Child Tax Credit: What Expats and can expect from IRS this year
The definite explanation of child tax credit is a specific amount that can be deducted by parents from their tax bills in the US for every single child that qualifies for the same. It is approximately $2000 for each child.
Budget Planning Tools to Consider
There’s no single budget planning tool that’s right for everyone. And if you’re keeping a budget, which is a fantastic way to stay in control of your money, then you want to choose the right tool for you. When you
IRS tax deadline extended: Tax filing guide for expats
The IRS tax filing deadline in the USA that was initially on April 15 is extended to May 17 in the year 2021. This also allows the taxpayers who are interested in participating in the Annual Filing Season Program (AFSP)
Will 2021 Open The Right Opportunities To Start Business In USA?
COVID-19 led to a series of unexpected catastrophic upheavals in the business ecosystem of the world. Even the world’s most prosperous nation, the United States of America was not spared from the disaster of this deadly pandemic. Now, with more
Joe Biden’s Tax Plans: What Is There For The Expats To Know?
After a tough electoral fight between Donald Trump and Joe Biden, the latter has been confirmed as the president-elect by the Electoral College. With Joe Biden now all set to take the oath of the new President of the USA
Why The US Tax System Is More Complex That It Seems To Be And How To Deal With It?
The underlying intent of any taxation regime is to generate sufficient funds to provide the citizens with public utility services and to have adequate capital for welfare and defense services. Hence, the taxation system should be simple, fair, transparent, legitimate,
What is Estate Planning?
What is Estate Planning? Estate planning is a process of arranging, during the person’s life, for the management and disposition of that person’s estate during the person’s life, in the event that person becomes incapacitated or dies. It is a
What are resident aliens in the US and what taxes do they need to pay?
The U.S. is acclaimed as one of the biggest and strongest economies of all times which offers a lot of employment opportunities to people worldwide. There are people who either permanently settle in the States or reside there for a
Migrated To The USA? Know Your Share Of Taxes
If you have migrated to the USA recently and have been able to acquire a Green Card, it would be in your interest to know about the kind of taxes and the way you can pay them. This will enable
Is Phoenix a tax-friendly city?
Phoenix is the capital city of the American state of Arizona. Recently, Kiplinger has released a complete guide on the details of the State-by-State tax rules. In that guide, Arizona has found itself on the list of the top 10