‘No remittance tax if you pay by…’: Ways for NRIs to sidestep new US fee
A recent tweet on X (formerly Twitter) ignited extensive discussions among Indian expatriates, as users brought attention to an important update regarding the US remittance tax. This straightforward message resonated with many NRIs by revealing a significant exemption within the contentious remittance tax proposal currently under review in the US Senate. The tweet highlights the […]
Hunter Biden requested the DNC to cover his legal expenses for tax and gun cases: new book
WASHINGTON – Hunter Biden, the then-son of President Joe Biden, reached out to the Democratic National Committee (DNC) about covering his growing legal expenses related to federal tax and gun charges he was facing last year. During this time, the DNC had already been involved in another federal investigation concerning Joe Biden’s handling of classified […]
This Fourth of July, Americans Commemorate the Biggest Tax Reduction Ever
Independence Day Reflections: A New Direction for America Today marks a special occasion in the United States as we honor our nation’s founder, who declared our independence—a bold move towards freedom from oppression, unfair taxation, and distant leaders who disregard the people’s will. Nearly 250 years later, America finds itself at yet another crossroads. Many […]
Warning About Child Tax Credit: Millions of Children May Not Qualify
This week, researchers suggested that nearly one child benefiting from the Child Tax Credit (CTC) approved by Congress might be excluded. Why is it important? The CTC is a federal tax benefit designed to assist families with the expenses of raising kids. Starting in 2024, families can receive up to $2,000 for each qualifying child […]
Mayor resigns following 87% tax increase in Long Island and $1.5M lawsuit over antisemitism
Recently, the outskirts of Long Island found themselves without a mayor or many other officials after a mass resignation on Thursday. This came in the wake of a staggering 87% increase in property taxes. Mayor George Pappas of Atlantic Beach abruptly stepped down, along with Deputy Mayor Charles Hammerman. Their resignations occurred just two months […]
The House fulfilled its duty by providing tax relief and supporting our values.
This July 4th, House Republicans have a bit more to celebrate as Americans come together with family and friends to honor their independence. It’s about real, tangible patriotic progress. The passage of President Trump’s significant legislative act reflects a return to core American values, arriving at a crucial moment. This new law embodies the voices […]
What Partnership HealthPlan wants members to know about upcoming Medicaid and tax reductions
House Passes Comprehensive Bill, Now Awaits President’s Approval The House has just passed a significant Republican bill aimed at cutting taxes and reducing Medicaid benefits, which is now on its way to President Donald Trump for his signature. The legislation, phrased as Trump’s “big beautiful bill,” has received Congressional approval, with the expectation that it […]
Possible Bitcoin Tax Exemptions on the Way with New Senate Bill
Simply put Senator Cynthia Ramis presented a bill on Thursday aimed at offering several tax incentives for digital asset users. The proposal exempts cryptocurrency users from needing to calculate capital gains on transactions under $300 for most cases. Under the new regulations, crypto miners and stakers won’t owe taxes until they sell their rewards, and […]
Implications of a Higher ‘Death’ Tax Exemption for Charitable Donations and Family Farms
One notable aspect of the newly introduced “One Big Beautiful Bill” is the increase in property and lifetime gift tax exemptions to $15 million, a change that will adjust for inflation in the future. Signed into law likely by President Donald Trump, this bill marks a continuation of increases first seen in 2017. However, if […]
Congress included no tax on tips in Trump’s major legislation. Here’s how it operates.
Workers in the U.S. who rely on tips have seen some significant tax changes after Congress approved a new law that aligns with President Trump’s agenda. Recently, the Republican-controlled Senate and House passed a substantial spending and tax package. This legislation establishes temporary tax exemptions related to tips that could influence other tax cuts as […]