The Big Picture: Macroeconomic Levers
Tax policy creates complex economic trade-offs. Tariffs can protect industries but raise consumer prices, while corporate tax cuts boost profits but may not translate directly to investment. This section visualizes these key dynamics.
The Tariff Trade-Off
Tariffs generate government revenue but impose higher costs on consumers and businesses that use imported goods. This chart illustrates the estimated net effect on the U.S. economy.
Corporate Tax Cut Allocation
When corporate taxes are cut, companies are left with more cash. This chart shows how S&P 500 firms used the windfall from the 2017 TCJA, fueling a debate about the impact on the broader economy.
Small Business Tax Navigator (2025)
The "One Big Beautiful Bill Act" (BBB Act) of 2025 significantly changed deductions for the self-employed. Use this calculator to estimate your potential savings by combining the Home Office, Vehicle, and QBI deductions under the new rules.
Your Business Profile
Estimated 2025 Tax Savings Breakdown
Enter your figures and click calculate.
Immigrant Tax & Immigration Pathway
For undocumented individuals, filing taxes with an ITIN is a critical act of compliance with major implications for future immigration goals. This section clarifies who can claim key tax credits and how tax history builds "Good Moral Character."
Interactive Tax Credit Explorer
1. Filer's Status (You):
2. Child's Status:
Eligibility Results:
Select statuses above.
Tax Filing as an Immigration Strategy
A history of filing taxes provides powerful evidence of "Good Moral Character" (GMC) for USCIS. It is a key positive factor in discretionary decisions like the I-601A hardship waiver.
File Back Taxes
Work with a professional to file returns for all required past years, even if it results in a balance due.
Get an IRS Payment Plan
If you can't pay in full, get into a formal Installment Agreement. This shows proactive compliance.
Build Your "Good Person" File
The combination of filed returns and an active payment plan becomes powerful evidence to support your immigration case.
2025 Policy Watch: The "BBB Act"
The "One Big Beautiful Bill Act" proposes major changes. Some extend TCJA tax cuts, but others use the tax code as an immigration enforcement tool. Here are the key proposals.
100% Bonus Depreciation
Temporarily restores 100% bonus depreciation for businesses for 2025-2029.
Permanent QBI Deduction
Makes the 20% (or 23%) pass-through deduction permanent, securing a key benefit for small businesses.
Personal Auto Loan Deduction
Adds a new, temporary $10,000 deduction for interest on personal-use vehicles made in the USA.
New CTC Rules for Immigrants
Requires parents to have an SSN to claim the Child Tax Credit, disqualifying U.S. citizen children in mixed-status families.
Remittance Tax
Imposes a new 3.5% excise tax on money sent abroad by non-citizens.
Higher Immigration Fees
Introduces new or higher fees for asylum and other humanitarian applications.
