For many immigrants in the United States, tax season can be an opportunity to obtain a significant refund if planned properly. However, due to the complexity of the tax system, it’s common for people to fail to take full advantage of available credits and deductions. Here’s how you can maximize your…
How to Calculate Your Taxes in the United States: A Basic Guide
Calculating your taxes may seem complicated, but with a little knowledge, you can do it effectively. The first thing you need to do is determine your gross income, which includes wages, interest, dividends, and any other sources of income. Then, subtract any allowable deductions, such as contributions to retirement plans or…
ITIN Renewal: When and How to Do It
The ITIN is not a permanent document and must be renewed periodically. The IRS requires you to renew your ITIN if you haven’t used it in the last three years or if it is about to expire. Renewal is essential to continue filing taxes and accessing tax benefits. The renewal process…
Why It’s Important to File Taxes in the United States
Filing taxes in the United States is not only a legal obligation, but also a way to protect your immigration status and access benefits. Even if you don’t have a Social Security number, you can file your taxes using an ITIN and prove that you comply with the country’s laws. Additionally,…