Editorial team of TFX
Articles
IRS Announced a New $600 Charitable Contribution Deduction for Couples Filing Jointly for 2021
The Internal Revenue Service (IRS) is teaming up with several prominent nonprofit organizations to draw attention to a special tax exemption that allows individuals to deduct donations to qualifying charities on their 2021 IRS tax return. The IRS, the Independent Sector, and the National Council of Nonprofits collaborated to highlight t...
IRS Announces New Tax Brackets and Deductions for 2022
The IRS has recently announced inflation adjustments for tax year 2022, affecting over 60 tax provisions including federal income tax brackets, standard deductions, and tax breaks. The adjustments come into effect on Janua...
A Tax Guide for Irish Expats in America
Ireland and the United States may be separated by thousands of miles of ocean, but the distance hasn't dulled the affection between the two nations. A study of the history and culture of the United States would not be complete without the contributions of the Irish people. The Irish-American partnership stretches back to the birth o...
Tax Guide for Norwegian Expats in the U.S.
Many questions arise for Norwegian expats in America regarding taxes. For example, how much income tax will you owe when you move to the United States? What documents do you have to submit? Where do you stand with the Internal Revenue Service (IRS) concerning your Norwegian assets? Here are the most critical U.S. tax concerns that Norwegian expat...
Tax Guide for Chinese Expats in the U.S.
If you're thinking about moving from China to the United States, you undoubtedly have many concerns. Will you be subject to income tax in the United States, and how much will it be? What kinds of papers are you required to submit? What does the Internal Revenue Service (IRS) think of your assets in China, particularly your retirement fund? He...
A Complete Guide: How to File J-1 Visa Tax Return
If you’re a non-resident alien with a J-1 visa, you have the opportunity to work, study, and teach in the United States. But there’s one responsibility that comes with this opportunity: paying taxes. In this article, you’ll learn how to file a J-1 visa tax return. J-1 Visa status The J-1 Visa status ...