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IRS TAX CREDITS
IRS Adoption Credit 2026: Can eligible families claim up to $17,670 per child with Form 8839 and $5,120 refundable?The IRS Adoption Credit 2026 can provide up to $17,670 per eligible child for qualifying adoption expenses. The IRS raised the maximum from...
Can the IRS EITC 2026 really deliver up to $8,231? Check these income and child rules before filing Form 1040The IRS EITC 2026 can put up to $8,231 back into the hands of eligible workers. But it is not a payment for everyone. Your earned income, f...
US proposes new tax credit rules restricting refunds for some non-citizensThe US Treasury and IRS have proposed new rules restricting the refundable portion of four federal tax credits to US citizens, nationals an...
Higher education costs: How Indian parents and US-based NRIs plan and pay—and who is better placed?Except for a small number of government colleges of repute, the demand for good quality colleges far outstrips the supply in India. Higher ...
What is Child Tax Credit? IRS confirms up to $1,700 in ACTC refunds - Check age, residency and income eligibilityThe Child Tax Credit provides families with a benefit of up to $2,200 for each child. Part of this credit might be refundable via the Addit...
How should my NRI children disclose gifts received from relatives in ITR-2?ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax...
Quote of the day by Denzel Washington: "Without commitment, you'll never start. But more importantly, without consistency..." American actor's powerful reminder that commitment gets you moving, but consistency is what turns goals, dreams and hard work into lasting successQuote of the day by Denzel Washington, “Without commitment, you'll never start. But more importantly, without consistency, you'll never fin...
'Who introduced them?': US senator Katie Britt reacts to ex Canadian PM Justin Trudeau and Katy Perry romance: “He used to be in charge of a whole country”Justin Trudeau and Katy Perry’s high-profile romance has sparked fresh attention after Alabama Senator Katie Britt questioned how the unlik...
American proverb of the day: "The cemeteries are filled with people who thought the world..."— A powerful reminder that nobody is indispensable and why humility, purpose and living a meaningful life matterThe American proverb of the day, “The cemeteries are filled with people who thought the world couldn’t get along without them,” offers a po...
Louisiana Vibrio vulnificus outbreak: 5 deaths reported as deadly bacteria cases rise, prompting new warnings for beachgoers. Check symptoms, when to seek medical care, and how should you protect yourselfThe Louisiana Vibrio vulnificus outbreak has resulted in nine reported cases and five deaths so far in 2026, according to state health offi...
IRS tax credit could mean up to $8,231 for eligible workers: Who qualifies for the Earned Income Tax Credit, how much you could receive and what you should check before filingThe IRS Earned Income Tax Credit (EITC) can provide significant tax relief to eligible low- and moderate-income workers. For tax year 2025,...
India vs US: Where should US-based NRIs invest their money?US-based NRIs should align investments with future financial needs and currency. Future expenses should guide asset allocation decisions fo...
Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI childrenIndian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sa...
UK tax rule weakens FCNR deposit appeal for wealthy NRIsA steep UK tax on 'global earnings' and the bar on treating interest on certain loans as 'deductible' have reduced the appeal of foreign cu...
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
Don’t miss this $2000 IRS tax credit, many eligible workers still haven’t claimed itIRS Saver’s Credit 2026 shows how this little-known IRS tax credit can save eligible workers up to $2,000 in direct tax relief. With only 4...
IRS warns millions are missing an overlooked tax credit — here’s how to claim the cashThe IRS says millions of Americans may be missing the Earned Income Tax Credit. This tax benefit gives extra cash to working people with lo...
Americans could get $2,200 child tax credit checks in 2026 — one simple form requiredAmericans can claim up to $2,200 per child in 2026 using one simple Form 1040. Additional Child Tax Credit offers up to $1,700 for qualifyi...