The AOTAX Blog

 

Health Insurance Tax Deductions for an NRI in the US

Health Insurance Tax Deductions for an NRI in the US

Health Insurance Tax Deductions for an NRI in the US As we all know, health expenses can be highly expensive so having health insurance and being able to claim a tax deduction would help save tax up to a certain extent.  However, for an NRI residing in the US claiming...

Can the market losses be utilized to adjust tax payment?

Can the market losses be utilized to adjust tax payment?

Can the market losses be utilized to adjust tax payment?Losses incurred in the stock market can be termed as Capital Losses. Capital Losses are said to be incurred when a capital asset such as an investment or a real estate decreases in its value. When this capital...

Top #10 things to know about IRS and its working amidst the pandemic

Top #10 things to know about IRS and its working amidst the pandemic

Top #10 things to know about IRS and its working amidst the pandemic The outbreak of the pandemic COVID-19 has brought a tough time for everyone. With the economic lives of people being hugely affected due to the coronavirus, the US Government has taken various steps...

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COVID-19 Financial Scams to be reported to the IRS

COVID-19 Financial Scams to be reported to the IRS

COVID-19 Financial Scams to be reported to the IRSIn March the US Government had declared a $2 trillion economic relief package under the CARES Act for providing relief and support to the Americans who have been facing economic challenges due to the outbreak of the...

Health Insurance Tax Deductions for an NRI in the US

Health Insurance Tax Deductions for an NRI in the US

Health Insurance Tax Deductions for an NRI in the US As we all know, health expenses can be highly expensive so having health insurance and being able to claim a tax deduction would help save tax up to a certain extent.  However, for an NRI residing in the US claiming...

Can the market losses be utilized to adjust tax payment?

Can the market losses be utilized to adjust tax payment?

Can the market losses be utilized to adjust tax payment?Losses incurred in the stock market can be termed as Capital Losses. Capital Losses are said to be incurred when a capital asset such as an investment or a real estate decreases in its value. When this capital...