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Global Intangible Low-Taxed Income (GILTI) represents a significant component of US international tax law affecting businesses and individuals with foreign investments. It was introduced as part of the Tax Cuts and Jobs Act (TCJA) in 2017 to ensure that US taxpayers pay a minimum level of tax on foreign earnings, particularly those derived from i...
Tax season can feel a bit like preparing for a surprise pop quiz – except this quiz involves your entire financial life, and there’s a deadline. The million-dollar question (or maybe just a few hundred or thousand): What documents do I need for taxes? Getting organized upfront means ...
As a US citizen or green card holder, you're required to file a US tax return – no matter where in the world you live or work. But filing doesn’t always mean you’ll owe taxes. Thanks to tax breaks like the foreign tax credit (FTC) and the foreign earned income exclusion (FEIE), many Americans abroad end up owing little to no...
The IRS has officially announced updated Health Savings Account (HSA) contribution limits for the 2026 tax year, reflecting annual adjustments for inflation. These changes can ...
For millions of older Americans – especially those living on fixed incomes – the rising cost of living continues to put pressure on their financial security. But recent legislative proposals backed by both Republican and Democratic lawmakers, as well as AARP,...
Each year during Teacher Appreciation Week, we take time to recognize the enormous impact educators have on our communities. While heartfelt thanks are always meaningful, there’s one small gesture from the federal government to help teachers financially – the Educator Expense Deduction. What is th...