Editorial team of TFX
Articles
Major senior bonus tax deduction changes: A new benefit for older US citizens
The recently passed One Big Beautiful Bill Act, signed into law by President Trump on July 4, 2025, introduces several new tax breaks for seniors. One of the most notable changes is the senior bonus, which provides signific...
Major gambling tax changes in the One Big Beautiful Bill Act: What US citizens, expats, and non-residents need to know
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act, a sweeping piece of legislation with far-reaching tax implications. Hidden within the larger bill is a dramatic shift in how gambling losses are treated for ta...
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...