US Tax News

Expat Tax Information

All American citizens and green card holders who earn over $12,000 (or just $400 of self-employment income are required to file a US tax return every year, reporting their worldwide income, wherever in the world they live.

Tax Filing for US Expats

Bright!Tax is the recognized leader in US tax preparation for Americans living abroad. We take the hassle out of staying compliant, while you enjoy the incredible adventure of being an expat.

Key Takeaways From the 2022 TIGTA Report

2022 TIGTA Report

It’s already been 12 years since congress introduced the Foreign Account Tax Compliance Act (FATCA). Whew, time goes fast, doesn’t it?  The federal law requires that participating countries report the financial activities of US citizens on their soil. And after an in-depth review of how FATCA has held up, the Treasury Inspector General for Tax […]

Inflation: What US Expats Can Expect During Their Return

US expats inflation

Home is where the heart is, they say. Even as you’re sipping a margarita on the beaches of Cancun or taking those cheesy selfies at the Eiffel tower, sometimes, you just miss the good ol’ US of A.  However, if you’ve been living overseas and haven’t returned in a while, you may get some surprises […]

November 2021 Biden Tax and Spending Plan (Build Back Better) Update for US Expats

October 2021 Biden Tax and Spending Plan Update for US Expats

UPDATE 11/24/21 – The bill has been split into two separate parts, covering infrastructure and spending. The infrastructure spending part was passed on Friday November 10, while the more controversial Build Back Better bill is currently in the Senate. One of President Biden’s first flagship announcements was a multi-trillion dollar infrastructure spending plan due to be financed […]

US Citizen Living Abroad and Taxes – What You Need To Know

US Citizen Living Abroad Taxes

The State Department estimates that over 10 million Americans live abroad around the world. The principal motivations that inspire Americans to live abroad are either a career opportunity, or a sense of adventure. Americans who move abroad discover that it can be the experience of a lifetime, as they immerse themselves in another culture, while […]

How to File US Taxes Overseas

How to File US Taxes Overseas

Filing US taxes overseas is typically necessary for all Americans who live outside the United States around the world. This is because the US taxes its citizens on their worldwide income, wherever in the world they may live. Unfortunately, international tax treaties don’t mitigate the requirement for American expats to file from overseas, even if […]

What’s in Biden’s Proposed 2022 Budget for Expats?

What’s in Biden’s Proposed 2022 Budget for Expats

On Friday May 28, the White House sent its fiscal year 2022 budget request to Congress. The headlines are calling it a $6 trillion budget, however the eye-watering $6 trillion figure covers proposed spending for the next decade, rather than just for 2022. Furthermore, the budget contains the two domestic proposals that have already been announced […]