taxes – NRI Path

401k, IRA, and SEP IRA: Core Retirement Planning Vehicles

Posted on October 9, 2025

Retirement planning begins with selecting the right tax-advantaged accounts to accumulate wealth efficiently. The 401(k), IRA, and SEP IRA are foundational tools that offer structured savings, tax benefits, and long-term growth potential. Understanding their mechanics and strategic applications is essential for building a resilient retirement portfolio. 401(k): Employer-Sponsored Retirement Plan Contribution Limits:Employees can contribute up […]

Filing Tax – The Best Guide: DIY or Hire a professional?

Posted on December 12, 2021No Comments

First, many NRIs do taxes on their own using tools available like Turbo Tax for filing tax. If the income is straightforward like W2, easy-to-use tools like Turbo Tax can help file the taxes. If you have a home mortgage, capital gains, business, special needs, other 1099 income, etc., then, we recommend hiring a professional […]

2020 Tax Brackets

Posted on August 15, 2020No Comments

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, […]