Editorial team of TFX
Articles
Foreign income now counts for Pell Grants – what expats need to know
As part of sweeping education changes in H.R.1 (the “One Big Beautiful Bill”) signed on July1, 2025, Pell Grant eligibil...
Federal student loan overhaul: What grad students, parents & expats should know
The upcoming Big Beautiful Bill brings sweeping changes to federal student loan programs, effective July 2026. Whether you’re a graduate student, a parent borrower, or an expat juggling education expenses abroad, here’s a detail...
Form 1099-K threshold rollback: $600 rule reversed in latest tax reform
In a welcome shift for millions of taxpayers and payment platforms alike, the recently passed One Big, Beautiful Bill has scrapped the controversial $600 ...
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...
What the new “no tax on tips and overtime” rules mean for employers and workers
A major provision of the One Big, Beautiful Bill is turning heads across the service industry and among small business owners: a new federal tax exemption on tips and overtime pay. As the Senate version of the bill clears a major hurdle and nears final reconciliation with the House, it's time to unpack what this mea...
How we helped a US-Canadian expat recover $30,000 lost to double taxation
When John (name changed for privacy) relocated from Canada to the US, he was surprised to receive a substantial tax bill from the IRS – despite having already paid $48,000 CAD in Canadian taxes. To cover the US liability, he had to liquidate $30,000 from his wife’s investments. That’s when he knew something wasn’t...