Editorial team of TFX
Articles
IRS Notice 2025-72: What the end of the one-month deferral rule means for foreign companies
If your group has been using a one-month deferral for foreign subsidiaries, the clock just ran out. On November 25, 2025, the IRS released Notice 2025-72. It announces forthcoming proposed regulations and describes rules taxpayers can rely on now f...
A 20-year gap, resolved: Melendy’s journey back to tax compliance with TFX
“I would definitely recommend doing the streamlined filing procedure with Taxes for Expats. The process might not be fun, but they make it easy – and you’ll come out in good standing with the IRS.” Melendy Britt, TFX client since 2016 (previously in Spain, now in Los Ange...
IRS updates 2026 retirement plans: 401(k) limit now $24,500, IRA rises to $7,500
On November 13, 2025, the IRS issued Notice 2025-67, setting new cost-of-living adjusted limits for retirement plans and IRAs for tax year 2026. The notice touches almost every corner of the retirement system – from 401(k) contribution limits and 4...
IRS announces 2026 tax brackets and inflation adjustments (One Big Beautiful Bill)
The IRS released updated figures on October 9, 2025, confirming official inflation adjustments that affect income brackets, deductions, and credits for tax year 202...
IRS provides tax relief to Texas flood victims: what you need to know
In the wake of the devastating flooding in Texas, the IRS has stepped in to provide tax relief to those impacted by the catastrophe. The severe flooding, which began around the July 4th holiday and affected several counties, has caused widespread destruction. In response, the ...
New lifetime student loan cap: What borrowers (and expats) need to know
A significant change to the US federal student loan system has arrived. As part of the 2025 tax and spending overhaul, a lifetime borrowing limit of $257,000 has been introduced for federal student loans. This marks the first time a true lifetime cap has been imposed, affecting graduate students, parent borrowers, and p...