Editorial team of TFX
Articles
Lookout for Advance Child Tax Credit Letter
There have been important changes to the Child Tax Credit that allowed families to receive advance payments in 2021. Families with qualifying children received financial assistance during the year rather than waiting fo...
Tax Guide for Saudi Arabian Expats in the U.S.
The tax system in the United States is complicated and continuously evolving. Most Americans struggle to grasp their tax duties, and foreign immigrants living in the United States are even more perplexed. If you are a Saudi expat living in the United States, you may have some questions about paying taxes and completing your federal inco...
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...