Ines Zemelman

Form 8960 is the IRS tax form used to calculate the 3.8% Net Investment Income Tax (NIIT) for individuals, estates, and trusts with investment income above fixed income thresholds. For the 2025 tax year filed in 2026, the individual thresholds remain $200,000 for single and head of household filers, $250,000 for married filing jointly, and $125,0...

Modified adjusted gross income, or MAGI, can decide whether a US taxpayer qualifies for a Roth IRA contribution, a Traditional IRA deduction, Premium Tax Credit, Medicare premium tier, or the 3.8% Net Investment Income Tax...

Yes. A US citizen or green card holder living abroad can claim the credit for tax year 2025, filed in 2026, provided each qualifying child holds a valid SSN and the family meets the standard income and dependency tests. The Child Tax Credit for expats works almost identically to the version available to families inside ...

Determining whether you need to file a tax return in 2026 depends on your 2025 gross income, filing status, age, dependency status, and special tax situations. For most non-dependent taxpayers under age 65, the minimum income is $15,750 for single filers, $31,500 for married filing jointly, and $23,625 for head of household. The IRS fil...

Schedule 1 (Form 1040) is a supplemental IRS form that US taxpayers attach to Form 1040 to report additional income not listed on the main return and to claim above-the-line deductions that reduce Adjusted Gross Income (AGI). The IRS introduced Schedule 1 in its current two-part format in 2018, when ...

The taxation of foreign dividends can be complex for US taxpayers, especially expats who invest globally. Tax obligations and withholding requirements vary, but proper reporting helps you avoid double taxation and stay c...