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Gov Kemp signs bill creating up to a $500 tax credit

HB 1302 will provide for a one-time tax credit for taxpayers who filed income tax returns for both the 2020 and 2021 taxable years.

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Form 8938 (Specified Foreign Asset Filing Requirements): 5 Tips

Since 2011, US Taxpayers who have certain specified foreign financial assets located outside of the United States have to report those assets each…

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What Are the Capital Gains Tax Rates for 2021 vs 2022?

Which tax rate applies to your long-term capital gains depends on your taxable income. Rates for short-term capital gains are higher.

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Overseas Income is Taxable (and Reportable) on a US Tax Return

US Tax of Foreign Income: The United States is one of the few countries in the world that follows a worldwide income tax and reporting model. This…

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What Are the Capital Gains Tax Rates for 2021 vs 2020?

What Are the Capital Gains Tax Rates for 2021 vs 2020?
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