01/20/2022
Americans living abroad – 2022 IRS tax filing opens this year on Monday January 24. Overseas Americans have to file US taxes on their worldwide income just like Americans living in the States. This is because, unlike most countries, the U.S. taxes based on citizenship, regardless of where you live in the world. Filing as […]
01/13/2022
Registration for the 2022 Expats Virtual Financial Summit is now open! The four day summit, taking place from February 8-11, 2022, features presentations from some of the world’s leading authorities on a range of expat financial hot topics, including tax, financial planning and investing, cryptocurrency, voting, insurance, and international money transfer, all with a focus […]
01/13/2022
ue to the US having a citizenship-based tax system, the ten million Americans living abroad are subject to US tax reporting rules on their overseas income, accounts, businesses and assets. The US has tax treaties in place with around 60 other countries, but they don’t prevent Americans living abroad from having to file and pay […]
01/12/2022
Since the 2017 Tax Cuts and Jobs Act, American Expat parents can potentially take advantage of two US Child Tax Credits, depending on their circumstances: the Child Tax Credit, and the Child and Dependent Care Credit. In this article we outline when and how they can be used, and what conditions need to be fulfilled […]
01/06/2022
Living abroad is an adventure and a privilege. At Bright!Tax, we are expats too – our team members are based in over 30 countries! This gives us a unique insight into the experience and challenges of living overseas that lets us better serve our American expat clients. Lots is happening here at Bright!Tax. Our team […]
12/16/2021
The Bright!Tax Awards Committee is proud to announce that Natalie Heath has become the twelfth recipient of the Bright!Tax Global Scholar Award. The Award is a biannual scholarship for ambitious, inspirational young Americans who are studying overseas. Bright!Tax is the leading provider of US tax services for the 10 million Americans living abroad. Bright!Tax founder […]
12/09/2021
The United States has an unusual tax system compared to most other countries, in that it taxes all US citizens on their worldwide income, regardless of where in the world they live. Most other countries either tax just residents, or only folks with income sourced in the country. The US tax system however requires all […]
12/02/2021
Many Americans living abroad in 2022 are unaware or confused about their US tax filing obligations. The US tax system is unusual, as it taxes based on citizenship. Almost every other country either taxes based on residence (so only people living in that country have to file taxes there), or taxes based on income arising […]
12/01/2021
Many American expats are surprised to learn that they have to report their global income on a US tax return every year, often as well as having to file foreign taxes in their country of residence. They have to file a US return because the US taxes all of its citizens (and green card holders), […]
11/25/2021
Many Americans living abroad assume that they don’t have to file US taxes, perhaps because they are filing foreign taxes, or because they think that a tax treaty relieves them from having to file. America’s tax system is unusual though, and Americans living abroad have to file US taxes if their worldwide income exceeds the […]