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US Taxation
Nonresident Individuals: U.S.-Source Income, Effectively Connected Income, and 2025 Filing Reminders
Nonresident individuals earning income from U.S. sources are subject to complex tax rules that differ significantly from those applied to...
US Taxation
NOL Rules 2025: 80% Limitation, No Carrybacks & Smart Carryforward Moves
In 2025, Net Operating Loss (NOL) rules continue to limit deductions to 80% of taxable income with no carrybacks allowed....
US Taxation
NIIT vs. Capital Gains Rates: Coordinating 3.8% NIIT With 0%/15%/20% LTCG Brackets in 2025
For many high-income taxpayers, the tax picture is more complicated than just paying the long-term capital gains (LTCG) rate. In...
US Taxation
NIIT FAQs 2025: What Counts as “Passive” vs. “Non-Passive” for Individuals
The Net Investment Income Tax (NIIT) is a 3.8% surtax that applies to individuals, estates, and trusts with income above...
US Taxation
NIIT (3.8%) in 2025: Who Owes It on Investment Income and What Counts
IRS Net Investment Income Tax (NIIT) rules for 2025 explained — how the 3.8% surtax applies to dividends, capital gains,...
US Taxation
Net Operating Losses in 2025: 80% of Taxable Income Cap and No Carrybacks—Using Form 1045/1040-X Smartly
For U.S. individual taxpayers, the treatment of Net Operating Losses (NOLs) has undergone major reform. With the 80% of taxable...
US Taxation
Net Investment Income Tax (3.8%) in 2025: Who Owes It and What Counts as NII
For high-income individual taxpayers in the USA, the Net Investment Income Tax (NIIT) remains a key consideration when filing federal...
US Taxation
Navigating Dual-Status Return Filing: When You’re Both Resident and Nonresident in One Year
A complete guide to understanding dual-status tax returns, when they apply, and how to split tax treatment across a single...
US Taxation
Mortgage Points & Closing Costs: What’s Deductible in 2025?
Understanding mortgage deductions in 2025 is key for homeowners who want to maximize tax savings. While mortgage interest remains deductible...
US Taxation
Mortgage Interest in 2025: $750k Qualified Debt Ceiling, PMI Treatment, and Refinances—What Still Counts
A 2025 IRS mortgage interest deduction guide for U.S. individual taxpayers navigating loan limits, private mortgage insurance, and refinancing rules...