Guides on U.S. Tax Filing
Form 2555-EZ is a simplified version of Form 2555 which is used to claim Foreign Earned Income Exclusion (FEIE). Read on to know how you can file it.
Tax reform is the change in the way taxes are managed or collected by the government and is usually undertaken to improve tax administration.
This guide by H&R Block will help you in understanding American Opportunity Tax Credit (AOTC) for claiming its benefits.
State and Law Tax (SALT) deduction, a federal tax law, caps itemized state and law tax deductions for all the filers, which will be discussed in this guide.
This guide by H&R Block helps you understanding the Moving Expenses as per the new changes in the U.S. Tax Laws and help armed forces claim benefits.
Iitemized deductions are those eligible expenses which when claimed by an individual taxpayer on federal income tax return decreases their taxable income.
The Tax reform has introduced new limits to the various deductions and has also introduced new credits along with phase out limits including tax cuts and jobs act.
Family tax credit, now known as credit for other dependents is a non-refundable credit. In this article by H&R Block India, everything about the topic is discussed in detail.
Child Tax Credit is a tax credit which helps in minimizing your tax liability. In this guide by H&R Block India, you can learn everything about child tax credit.
Standard deductions are that portion of your total earnings which you can exempt from taxation, after arriving at AGI.
If you are an American citizen living abroad and want to report your Income on your U.S. expat taxes you will need to file Form 1040. H&R Block India can help you understand Form 1040.
The tax filing rules, exemptions and deadlines for US expat tax filing differ.. Read this guide to know the requirements for expat tax filing.
The tax saved while saving your 401(k) funds attract tax at the time of withdrawal. Read this guide by to know about withdrawal of 401(k) or Traditional IRA.
Sound financial planning is saving for your retirement so that you can continue to enjoy the same lifestyle. However, sometimes we need to withdraw the funds from our 401k or IRA due to life circumstances. Read this guide by H&R Block to know the consequences of early encashment of 401k or traditional IRA.
Gifting your family comes with tax benefits. There are annual and lifetime exemption limits that can be availed so that the gifts given are not liable to tax. Read this guide by H&R Block India to know more about the applicability of U.S. gift tax laws.
To escape the burden of complying to tax laws of two countries, many US citizens and green holders residing in foreign countries, renounce their citizenship and surrender their green cards. However, this is a complicated process, which requires careful planning, which will be discussed in this guide.
Every year changes are made to tax laws and introduced to the public. Recently changes were announced to the US tax bill of 2018, previously known as the Tax Cuts and Jobs Act. Read this guide by H&R Block India to know more about the changes.
Foreign Tax Credit is a provision made available to ensure there is no double taxation. US expats and American Indians who are liable to pay US taxes on their foreign earned income can avail this provision. Read this guide by H&R Block India for further explanation.
For U.S. taxpayers having assets and bank accounts in foreign countries, form 8938 and FBAR need to be filed with his/her annual tax return. Read this guide by H&R Block India to know about the key differences between these two forms.
For US citizens and green holders living and working abroad, different tax laws are applicable, which must be followed to avoid penalties. Read this guide on FEIE to know about the deductions available under this provision.
For US residents or citizens who hold financial assets abroad, they must ensure it is reported along with their annual US tax return. Read this guide on the filing of form 8938 by H&R Block India.
Non-Resident Indian (NRI) earns income in India will be taxable where the tax rates are different from that of regular residents. Read this guide by H&R Block to learn more about the provisions under section 115H.
Many Indian Americans are unaware of the need to report their foreign bank account details with the filing of the US income tax. Read this guide to know more about filing FBAR.
Learn what is foreign tax credit and how to claim it using form 67. This guide by H&R Block also discusses about the preparation of Form 67 and when to file it.
If you are a U.S. person maintaining a foreign bank account, you may receive a FATCA notice from the IRS. Find out the reasons contributing to FATCA notice, the implications of the notice and how you can respond to such notice by reading this guide by H&R Block.
Want to know when are taxes due in 2018 as per the IRS, then click on this guide by H&R Block India to get more details about the tax filing dates for U.S Expats after getting extensions.
Read the complete guide on how to file your U.S taxes from India. Also learn about the advantages of filing U.S tax reutrns with H&R Block India.
If you are an U.S Expat working in India or an NRI working in U.S, you must know the advantages of filing your U.S taxes. H&R Block has listed all the benefits for you.
Read this detailed tax document checklist and keep it handy before you start filing your U.S Tax Returns. H&R Block also offers US Tax Filing Services in India.