Editorial team of TFX
Articles
IRS updates 2026 retirement plans: 401(k) limit now $24,500, IRA rises to $7,500
On November 13, 2025, the IRS issued Notice 2025-67, setting new cost-of-living adjusted limits for retirement plans and IRAs for tax year 2026. The notice touches almost every corner of the retirement system – from 401(k) contribution limits and 457 plans ...
IRS announces 2026 tax brackets and inflation adjustments (One Big Beautiful Bill)
The IRS released updated figures on October 9, 2025, confirming official inflation adjustments that affect income brackets, deductions, and credits for tax year 2026. Published in...
The Difference Between Form 4868 and Form 2350
Filing taxes as an American abroad presents unique challenges that domestic taxpayers never face, particularly when it comes to meeting filing deadlines while qualifying for special exclusions. The choice between Form 2350 and Form 4868 can determine whether you successfully claim the ...
OBBBA tax benefits – non-resident aliens disparity problem
The One Big Beautiful Bill Act (OBBBA) creates an unintended two-tier benefits system where employees performing identical work receive vastly different tax treatment based solely on their immigration status and tax identification doc...
How the tips and overtime tax deductions in the One Big Beautiful Bill Act affect American expats
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, fulfilling key campaign promises to provide tax relief for American workers earning tips and overtime pay. ...
Tax provisions in the One Big Beautiful Bill Act: Special considerations for American expats
The One Big Beautiful Bill Act brings significant implications for US citizens living abroad (expats) and non-resident aliens with US-source income, with effects varying dramatically between permanent and temporary provisions. ...