Are remittances / gift sent from US to India (from post tax money) considered for any tax breaks or deductibles in the US?

likefunny
Posting as :
works at
You are currently posting as works at

why would you get a tax break for sending money outside of the country?

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A1- knows the deal!
Not related, how can I go from L4-L5 in one year. I have lots of responsibility and freedom to innovate - but new to the company

funny

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Hey Folks ,

Can you help me understand the PF deductions in Coforge CTC, Is it just the employers contribution ? And employees share will be deducted from Gross Monthly Salary?
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When to sell at a loss?

I’m 26 and have a fair chunk of my NW tied to Cloudflare - a tech stock that I believe has the opportunity to 3x and become a $100b+ company over the long term. Similarly, I have a lot in cloud computing etf - WCLD.

Given short term rotation out of growth stocks, I’m confused on what to do. I think we still have some time before growth stocks bottom out, but do I sell?

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Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

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Think Covid is gonna get out of hand in the few months. Any stock recommendations in light of this?

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Can partners at EY consulting buy as much equity as they desire?

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How many of y'all have trust funds? What'd you do with the $$$?

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Don’t mix Investment and Insurance.
Buy term insurance in your early age.
Invest mix mode equity and debt .
Ping me for invest and insurance help.
Also get discount price for insurance

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What am I supposed to do with a firms mandatory pension notice? $6B... okay, seems good 🤷🏻‍♀️

Or am I supposed to actually pay attention to something specific in the notice?

likehelpful

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

Looking for whole life insurance. Who is better Mass Mutual or Northwestern or NY life?

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Can I live comfortably in Dubai on 25k a month? With wife and kid too?

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How much percentage of your Salary do you Save/Invest?

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When do you know you've toured enough houses and should pick one from the list you've got? I've seen probably 15-20 homes, and put in one offer. How many homes should you tour minimum, and how many offers did you put in before you closed? I don't want to be too hasty and choose something just because, but I also think continuing to see homes isn't really making my decision any easier. Thanks!

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Need advice. Have some credit card debt that I’ve been working to pay off. Have made progress but want to lower it quickly. We have dual income, with a house (~$300k in equity), 1 kid and 1 on the way. I’ve looked into debt consolidation via HELOC but also have ~$80k in vested equity in my company that I haven’t touched. Get equity refreshes every year. Would it be smarter to cash out $15k-$20k of that to pay debt vs. a HELOC at ~5% given that will still require mthly payments

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likefunny

Hey guys ,
I was a fresher when i joined wipro
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funny

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For Indian citizen who wish to travel with their spouses or kids who are US citizens, do not have OCI’s and wishing to stay more than 30 days in India. I dropped by Indian consultant in DC and received 1 year multiple entry visa (x-visa) for my kids. I didn’t have to provide any reason for emergency other than saying we wished to stay longer than 30 days to spend time with family. No questions asked, provided the money order and applications and recieved the visa in 30 min CONTD...

likehelpful

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Kejri after watching Radhe

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likefunny

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