President Donald Trump’s tariffs have been highly disruptive, but at least America’s economy does not depend heavily on trade ...

Freelancers can claim deductions for expenses directly related to their work. These include internet bills, rent for a co-working space, cost of software tools, professional fees, marketing and ...

On May 22, 2025, the House of Representatives passed H.R. 1-119th Congress (2025-2026), titled as the “One, Big, Beautiful ...

Due to the income tax changes made in the FY 2024-25 (AY 2025-26), Form 16 will show certain changes this year. It will ...

However, the exemption of personal income tax on foreign-sourced income will apply for only two years: the year in which the ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

New final regulations pose significant implications for possible income inclusions by U.S. corporations with foreign ...

The House's nearly $4 trillion tax package is set for a makeover in the Senate starting this week when lawmakers return to ...

For American expats, owning rental property abroad is a smart way to diversify and earn extra income. However, if you’re a US ...

U.S. President Donald Trump's sweeping "One Big Beautiful Bill" contains proposed changes to certain taxation rules involving ...

This option is best if you posted a loss because you can take the full deduction in the current tax year. Foreign exchange losses can be deducted against all types of income. Report gains and ...

To avoid double taxation, the Internal Revenue Service provides a foreign tax deduction and tax credit. Only foreign income tax qualifies for the tax credit, but you can claim foreign sales tax as ...