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Drop everything and read about Airdrops!The world of blockchain and cryptocurrency continues to evolve even as you are reading this. With it comes new terms that you would have never heard, seen, or read before – terms like DeFi, ICO, and NFT. Or terms that could have meant one thing in the real world, and mean something else entirely in […]News · Mar 16, 2022Read the article A user’s guide to crypto walletsUkraine’s official twitter-handle tweeted, “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum, USDT.” And then it gave out the crypto wallet addresses. Within a matter of a few hours, the wallet had received over $4million in cryptocurrency. This was done in light of the recent invasion of Ukraine by Russian armed […]News · Mar 15, 2022Read the article 14 Changes for The 2021 Tax YearA lot of changes have happened in the past couple of years. It could have been either because of the pandemic or because of technological advancements. Tax laws are no exception. The pandemic was financially tough on everyone. Hence, the US government introduced changes that were applicable to the 2021 tax year that helped people […]News · Mar 14, 2022Read the article A US expat’s guide for filing taxesA Tax Guide for US Citizens Living Abroad No matter where you live, Algeria or Zimbabwe, if you are a US citizen or a Green Card holder, US taxes will always be by your side (Best love story ever?). If you are a US citizen and you earn a personal income while living anywhere but […]News · Mar 7, 2022Read the article What is the difference between standard deductions and itemized deductions?Before we get into the nitty-gritty of standard deduction or itemized deductions, let us look at the concept of adjusted gross income or AGI on which the IRS bases your tax liability.  The calculation starts with your gross income which is the sum of all your earnings during the tax year.  Your gross income would […]News · Mar 1, 2022Read the article How to report Child and Dependent Care Expenses for the Tax year 2021Businesses are allowed to deduct the expenses they incur for earning their business income on which they pay taxes.  On the same lines, in 1976, the Child and Dependent Care Tax Credit (CDCTC) was established to allow working parents to offset the costs they incur for taking care of their child or dependent.  A tax […]News · Mar 1, 2022Read the article How to report cryptocurrency when filing your taxesThe number of people holding cryptocurrencies and NFTs hits new heights every day. More people got into crypto in the last year than they ever did. In 2021, there were said to be 300 million crypto users worldwide, with 18,000 businesses accepting payments in crypto. 8.31% of the US population holds assets in crypto. That […]News · Mar 1, 2022Read the article A Quick Guide To Tax Refunds – Why File For Returns After All?If you want an excuse to celebrate apart from the holiday season, the tax season gives you one as well. Tax Refunds! Yes, the tax season can be stressful, but it can also be rewarding. What are tax refunds? Let’s say you paid an excess amount to the IRS as tax. The reimbursement of that […]News · Feb 15, 2022Read the article Year-End Tips to Reduce Your Tax BillCome Christmas or summertime and all are planning a vacation with family and friends; where to go, how much to budget for food and entertainment, checking out when the cheapest flights are, and so on. When a vacation, which lasts for a short duration, can get so much attention and minute planning, then shouldn’t taxes […]News · Feb 15, 2022Read the article The new buzzword- Metaverse!The origin story It all happens in waves – the Pandemic, the Industrial Revolution, the Evolution of the World Wide Web. The Web first started evolving in the year 1989. It was still Web 1.0 back then. It was used mostly by companies and corporations, and only experts knew how to actually work with it. […]News · Feb 14, 2022Read the article TAX TIPS FOR NEWLY MARRIED COUPLESJust got hitched? Here’s some Tax Stuff for you While choosing a wedding day, the Irish are believed to follow this dictum: “Monday for wealth, Tuesday for health, Wednesday the best day of all, Thursday for losses, Friday for crosses, and Saturday no luck at all.”  For the purpose of your taxes, the IRS is […]News · Feb 14, 2022Read the article Union Budget 2022’s take on Cryptocurrency – New tax and new beginningsThe Budget goes Digital in 2022 There is one thing that the Indian working-class and business-class look forward to every year – The Budget. But the impending regulations on cryptocurrency have grasped the attention of the young and tech-savvy as well. With the immense rise of these digital currencies and assets, as well as their […]News · Feb 4, 2022Read the article Federal Reserve considering CBDC in the face of Crypto BoomThe Potential Birth of CBDC The relationship between traditional players in the financial system, such as retail banks and central banks, and the emerging digital giants peddling crypto, has been complicated, to say the least. Crypto has been praised, condemned, considered, and adopted at different points in time by different traditional institutions, the result being […]News · Feb 4, 2022Read the article Capital Gains – a big push for HNIs, Angel Investors and Investment Bankers #2022 budgetAs of date depending on the asset class, Long Term Capital Gains carry a tax rate between 10-20 percent. This is further increased by an education cess of four percent and a surcharge up to 37 percent. The current tax laws provide a relief for listed equity shares (11.96 percent) where the effective tax rate […]News · Feb 4, 2022Read the article Did you know that claiming Premium Tax Credit will require you to file taxes?What is the Premium Tax Credit? The premium tax credit – also known as PTC – is a refundable credit that helps you pay the premium for yourself and your family’s health insurance purchased through the Health Insurance Marketplace. The tax credit formed a part of the Affordable Care Act tax provisions, introduced in 2014, […]News · Jan 31, 2022Read the article