Tax News - Viet Tax US

An infographic comparing Trump Account vs Trump IRA. The left side highlights Trump Accounts for children under 18 with no earned income, a $5K max contribution, and a 2026 start date. The right side shows Trump IRA for working adults who must have earned income, standard IRA limits, and a 2027 start date.

Trump Accounts vs. TrumpIRA: What You Need to Know

Leave a Comment / Tax News / nathan.nguyen

With the launch of two brand-new federal retirement initiatives, many people are confusing “Trump Accounts” (designed for children) with “TrumpIRA.gov” (designed for working adults). While both programs offer attractive federal cash incentives of up to $1,000, their target audiences, rules, and benefits are entirely different. 1. Quick Comparison Table Here is a straightforward breakdown to […]

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the new "Trump Account" is more than a simple kids' savings plan—it’s a powerful tax strategy for parents and business owners to build generational wealth.

2026 Trump Account: Family & Business Tax Guide

Leave a Comment / Tax News / nathan.nguyen

Launching July 4, 2026, the new “Trump Account” is more than a simple kids’ savings plan—it’s a powerful tax strategy for parents and business owners to build generational wealth. Before you miss out on the government’s free $1,000 seed money or leave a brand-new business tax deduction on the table, here is the strategic playbook

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IRS Alert: 2026 “Dirty Dozen” Tax Scams to Avoid

Leave a Comment / Tax News / nathan.nguyen

The IRS has officially released its 2026 “Dirty Dozen” list, warning taxpayers about the most dangerous scams of the season. This year, criminals are using more sophisticated technology to target your refund. The Top 3 Threats for 2026: Viet Tax US Safety Tip: The IRS will never initiate contact with you by email, text, or

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subject a friendly diverse group of hourly workers construction warehouse

Is Your Overtime Pay Tax-Free in 2026?

Leave a Comment / Tax News / nathan.nguyen

Under the new One Big Beautiful Bill Act (OBBBA), hourly workers can now deduct the “and-a-half” premium portion of their overtime pay from their federal taxes, up to $12,500 ($25,000 for married couples). This is a major benefit for the 2026 tax season! How to Qualify Visit Viet Tax US for a free review of

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New $6,000 Senior Tax Deduction for 2026

Leave a Comment / Tax News / nathan.nguyen

The IRS has officially implemented the new Senior Deduction under the One Big Beautiful Bill Act (OBBBA). Taxpayers aged 65 or older may now claim an additional $6,000 deduction ($12,000 for married couples filing jointly) on their federal return. This benefit is designed to provide significant relief to retirees and is available in addition to

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