Investing in a rental property can be a great way to generate passive income. Even though H-1B visa holders can be landlords, the process may require extra work.
College costs are rising fast. One way you can save for college expenses is through a 529 plan. Did you know that you can start saving in a 529 before your child is even born?
At MYRA Wealth, it’s our goal to help our clients become more financially literate and independent. That’s why we prepared 5 financial tips to kick off your fall.
Many people find gambling to be great entertainment. You may have also noticed an enticing lottery jackpot and wish to join in on the fun. However, you may wonder if you are allowed to play the lottery or gamble while you are on a visa in the US?
Is it possible to sell property in India if you are a Non Resident Indian (NRI) currently living in the US? The answer is yes but the process can be cumbersome.
Did you know there’s a way to get up to $56,000 into your Roth IRA every year even though the contribution limit is $6,000 per year?
It can be confusing to differentiate between all the different types of retirement plans offered. The acronyms are confusing and there are different rules for each plan. We're here to distill it for you!
While there are benefits of holding the EB-5 visa, it comes with major tax consequences that catch some people by surprise. If you’re thinking about applying for the EB-5 visa, make sure you know about the tax implications.
Cryptocurrency continues to gain in popularity and we field questions all the time from clients who are interested in or already invested in these assets. But here are five reasons we do not recommend cryptocurrency investments to MYRA Wealth clients.
For the top 0.01% of the American population who are subject to estate taxes because their estates exceed the $11.18M threshold, it’s crucial to plan ahead to minimize taxes imposed on assets upon death.
Did you just receive your first paycheck as an immigrant in the US? If yes, your first American pay stub might look confusing to you. To help you get to know your pay stub and understand all the different deductions and words, here’s a guide.
On the surface, dual citizenship is a wonderful benefit. Dual citizenship is a benefit for most people, but it can also have financial consequences.
The new Tax Cuts and Jobs Act created a new opportunity for investors who can receive special tax incentives for investing in distressed areas. How can you invest in an Opportunity Zone? What is required and what kinds of incentives exist?
The Tax Cuts and Jobs Act of 2017 made some changes to the types of qualified expenses that you can deploy 529 funds against: they now allow you to use $10,000 per year for primary or secondary school tuition. The average annual cost of private primary education is estimated to be $9,631, so it’s logical to be curious about whether you can use 529 funds for private K-12 or elementary, middle, or high schools. But is it wise to do that?
The year 2018 brought substantial changes to many of our client’s tax situations. Given all the changes, we’ve assembled a concise list of strategies you can use to reduce your taxes under the provisions of the new tax law.
The 199A deduction allows pass-through entities with domestic businesses to reduce their Qualified Business Income of up to 20%. Do you qualify?