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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...
US Taxation
Mortgage Interest Deduction 2025: $750k Cap, Points, PMI & Refinance Rules
A complete guide for U.S. homeowners on how the mortgage interest deduction works in 2025, including the $750,000 loan cap,...
US Taxation
Medical vs. HSA/FSA: Coordinating Pre-Tax Accounts With the 7.5% Floor
Managing medical expenses in 2025 isn’t just about paying your bills—it’s about maximizing tax savings. Taxpayers often wonder how to...