Editorial team of TFX
Articles
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...
New charitable deduction for standard filers: A win for US expats who give back
On July 4, 2025, President Trump signed a sweeping tax and spending bill into law – part of the One Big, Beautiful Bill – that permanently alters how standard deduction filers can benefit from charitable giving.<...
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...
Federal payments are going paperless: Key provisions of the recent executive order
On March 25, 2025, President Trump signed an executive order aimed at modernizing federal payments. The order mandates the transition from paper checks to electronic payments for all federal disbursements, including tax refunds, by September 30, 2025. This shift will have significant implications for US taxpayers and tax professionals. ...
June 2025 webinar recap: Ask a CPA anything about US expat taxes
In June 2025, Taxes for Expats (TFX) hosted another live “Ask a CPA Anything” webinar designed specifically for US expatriates and returning clients with questions about international tax obligations. Participants from around the globe joined the live session to get real...