More and more Americans are renouncing their U.S. citizenship — here’s why

More than 5,400 Americans overseas renounced their United States citizenship last year, a 26% increase over 2015 and more than triple the number in 2010, when Congress passed a law that significantly increased tax penalties for unreported foreign transactions and holdings, according to data compiled by a Connecticut tax attorney. Advocates for the estimated 7 million overseas Americans…

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These Could Be the Most Vulnerable Immigrants in Trump’s America

Labor and immigration rights advocates are worried that the policies being rolled out by President Donald Trump will make life particularly difficult—perhaps even dangerous—for an especially vulnerable worker population: immigrant day laborers. Trump wants to target “anybody that has any kind of ticket or infraction…That’s the danger” for day laborers. In the executive order he…

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17 Top Tax Deductions For 2017

February 9, 2017 Congratulations! You made it through another year. What better way to start 2017 than with 17 great money-saving tax deductions? Use them to save money on your 2016 taxes if applicable, and keep them in mind to save on next year’s taxes as well. 1. Charitable Donations: Donations to a qualified charitable…

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