09/03/2020
US expats are required to file US taxes, reporting their worldwide income, regardless of the fact that they live abroad. Many expats are also required to file taxes in the country where they live, too, raising the possibility of double taxation on the same income. To avoid this scenario, the IRS has put in place […]
09/03/2020
Americans who live abroad are still required to file a US tax return, reporting their worldwide income. Expats can claim the Foreign Earned Income Exclusion and/or the Foreign Housing Exclusion however, which allow them to pay less (or in many cases no) US tax (although they still have to file a US return to claim […]
12/14/2024
Most self-employed expats are already well aware of the deductions they can claim to help offset the cost of running their business. But many aren’t quite as familiar with the Foreign Housing Deduction (FHD), which helps self-employed expats offset foreign housing costs. Using the FHD along with other tax breaks can greatly reduce — or […]
08/10/2020
The Foreign Earned Income Exclusion lets US expats exclude the first around $100,000 (the exact figure rises a little each year) of their earned income from US taxes. It’s a great choice for many expats who earn less than this threshold, and sometimes a good option for expats who earn above the threshold too. To […]
09/03/2020
All American expats who meet the minimum income thresholds (currently around $10,000 – though this may rise to nearer $12,000 if and when the Trump Tax Reform Plan is passed – or just $400 for self-employment income) are required to file US taxes reporting their worldwide income, wherever in the world they live. The IRS […]
01/24/2025
Embarking on an international adventure and becoming an expat, whether temporarily or permanently, involves saying goodbye to many aspects of your old life. If you’re one of the 43.6 million Americans who currently hold student debt, you’ll likely wonder whether moving abroad also means leaving behind student loans. There’s a lot to consider when transitioning […]
09/03/2020
All US citizens and green card holders have to file a US tax return and pay US tax, whether they live in the States or abroad, and wherever in the world their income is earned or paid. This can expose many expats living and working abroad to the possibility of paying taxes both in their […]
10/26/2020
US citizens and green card holders who live and work outside the US may be able to exclude part or all of their foreign earned income (both wages and income from self-employment) from US tax using the Foreign Earned Income Exclusion (FEIE). To qualify for the FEIE, a person needs to both work and live […]