OBBBA: Convert Personal Vehicle to Business, Deduct Up to 100%
Do you have a personal vehicle? Thanks to the One Big Beautiful Bill Act (OBBBA), you may be eligible for a valuable “no new cash outlay” tax deduction beginning in 2025. Here’s how it works: If you convert a personal-use vehicle to business use, the law treats it as placed in service on the conversion […]
U.S. Tax Survival Guide for International Students — Don’t Let the IRS Mess with Your Study Abroad Dreams
By AG FinTax | Global Tax & Compliance Experts for Students Abroad So you’ve got your U.S. visa, your flight booked, and your Netflix watchlist ready for those jet-lagged nights. But have you packed your tax plan? Because here’s the truth: taxes in the U.S. aren’t just for people with a full-time job and a […]
Perhaps Your Last Chance for Home Energy Improvement Tax Credits
Current tax law allows homeowners to claim up to $3,200 per year in tax credits for energy-efficient home improvements. But these incentives may soon vanish. Pending tax legislation in Congress could eliminate these benefits for improvements placed in service after December 31, 2025. What’s Available? There are two key credits to know about. Up to […]
Tax Planning for Students Moving to the USA: What You Need to Know
By AG FinTax | Trusted CPAs for Global Tax Compliance | Tax Preparation Fort Worth Moving to the United States for higher education is an exciting milestone. Along with new academic and cultural experiences comes a lesser-known but equally important responsibility—understanding your U.S. tax obligations. Whether you’re on an F-1 visa or transitioning to a […]
2025—Is This Your Last Chance to Claim the Solar Tax Credit?
If you’re considering solar panels or other renewable energy upgrades, now may be your last chance to take full advantage of the 30 percent Residential Clean Energy Credit (RCEC). What Is the RCEC? The RCEC is a federal, non-refundable tax credit equal to 30 percent of the cost of qualified clean energy systems, including: Solar […]
Everything You Need To Know About The Recovery Rebate Tax Credit
During 2020, the federal government sent eligible taxpayers two Economic Impact Payments, more commonly known as “stimulus checks.” The money was meant to help people struggling during the economic downturn caused by the COVID-19 pandemic. The maximum amount available for the first payment was $1,200 for single filers or $2,400 for those who are married filing […]