As international tax reform takes center stage once again, the One Big Beautiful Bill Act (OBBBA) introduces a sweeping provision that could significantly impact cross-border financial flows: a new excise…
Auto Loan Interest Deductibility
Beginning in tax year 2025 and expiring December 31, 2028, you can deduct up to $10,000 of auto loan interest per year, subject to income phaseouts and other limitations. Before…
Trump Accounts: An Alternative for Children’s Long-Term Savings
The One Big Beautiful Bill Act (OBBBA) created a new type of retirement account known as a Trump Account. These savings accounts are designed to help parents, grandparents and even…
Major International Tax Shifts Ahead for Foreign Individuals and Dual Residents
As the U.S. gears up for another round of sweeping tax reform, the One Big Beautiful Bill Act (OBBBA) is turning heads—especially among foreign individuals, dual residents and globally mobile…
FDDEI: The New FDII
International provisions introduced under the Tax Cuts and Jobs Act (TCJA) in 2017 were made permanent with some changes under the newly passed One Big Beautiful Bill Act (OBBBA). Under…
