Frequently asked questions by NRIs on Will & Trust
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2020 Tax Brackets
The IRS used to use the Consumer Price Index (CPI) to calculate the past year’s inflation. However, with the Tax Cuts and Jobs Act of 2017, the IRS will now use the Chained Consumer Price Index (C-CPI) to adjust income thresholds, deduction amounts, and credit values accordingly. 2020 Federal Income Tax Brackets and Rates In 2020, […]
Term Life Insurance for NRIs: Planning and Understanding
Term life insurance can help you bridge that gap for decades at a relatively low cost. If you die while the policy is in force, you’ll leave behind a lump sum of cash for whomever you choose.