Limitation on State and Local Tax Deduction
Since the enactment of Trump’s Tax Cuts and Jobs Act (“TCJA”), state Democrat leaders have taken aim to counteract the impact of the federal bill through state legislation and other means. In a…
Read MoreTax Reform
How U.S. tax law changes, from the 2017 Tax Cuts and Jobs Act to the 2025 OBBBA and annual inflation adjustments, affect expats.
Deducting Mortgage Interest
This past week, the IRS offered guidance on its website on the new restrictions placed by the Tax Cuts and Jobs Act (“TCJA”) on the home mortgage interest deduction.
Read MoreThe New SALT Deduction Limitation
In today’s political climate in the United States, it’s not very surprising that the Congressional voting on the recently-enacted tax reform bill ended up being cast very much along party lines. Not…
Read MoreTax Reform for U.S. Expats – Business Taxation
Last week, we started our review of the newly-enacted Tax Cuts and Jobs Act (“TCJA”), focusing on the personal taxation provisions. This week, we focus on the business taxation provisions that we…
Read MoreTax Reform for U.S. Expats – Personal Taxation
This past week, President Donald Trump officially signed into law the Tax Cuts and Jobs Act (“TCJA”), the much-anticipated Republican tax reform legislation that was the subject of intense political…
Read MoreGOP Bill Impact Expat Taxpayers
Last week, House Republican leaders released their long-awaited tax bill, called the Tax Cuts and Jobs Act. While the GOP bill retains many of the basic principles included in Trump’s previous…
Read MoreThe Latest Republican Tax Reform Plan
On Wednesday, President Trump unveiled his latest framework for tax reform, which stems from a collaborative effort by the so-called “Big Six,” which includes members of the Trump administration and…
Read MoreTrump Tax Plan Potential Effects on Taxes for Expats
The Trump administration has revealed its official tax reform plan. While it’s clear that the plan would make drastic changes to the current U.S. tax system, the brevity of the plan leaves a host of…
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