12/21/2023
“What are marginal tax rates?” This query introduces a fundamental yet often misunderstood element of global tax systems. Marginal tax rates, require a nuanced understanding to fully appreciate their impact on individual fiscal responsibilities. In the following article, we will define marginal tax rates, introduce strategies to potentially reduce your marginal tax rate, and offer […]
11/11/2023
With remote work, the gig economy, and digital nomadism disrupting the traditional employment model, a crucial question arises: What’s the difference between an independent contractor and an employee? Virtually all Americans have heard of these terms, and most have an idea of what they mean, but not everyone is aware of the important distinctions between […]
03/19/2025
Although maintaining a US address may not be a priority when moving overseas, understanding how to do so is beneficial. Despite varying circumstances, having a US mailbox while living abroad can often prevent future logistical issues. But what exactly are the benefits of maintaining a US mailing address, and how can you do so? We’ll […]
02/21/2025
Whether you’re transferring foreign earnings to a US bank account, financially supporting your family from abroad, or purchasing overseas property, expat life often involves transferring large sums of money internationally. While moving large sums of money internationally is common and necessary for most expats, it can still trigger additional reporting obligations or expensive transfer fees. […]
03/19/2025
Moving abroad is an exciting adventure, but certain details, like determining and possibly changing your state residency for tax purposes, can be less exhilarating. Even if aspects like these aren’t terribly exciting, though, they are important. Your state residency can have major tax implications, so it’s worth taking the time to read up on […]
02/04/2025
Winning the lottery is thrilling — but in the midst of the excitement, you can’t forget about taxes on lottery winnings. Understanding the tax implications of winning the lottery is the key to minimizing your tax burden and maximizing your take-home gains. This is especially important for US expats and nonresident aliens, who may be […]
04/30/2025
For US expats living in the UK, the phrase “capital gains taxes” is likely familiar. Just like in the US, capital gains taxes in the UK are levied on the proceeds arising from the sale of certain assets. This includes, in some cases, residential property. Of course, the specific ways that capital gains taxes on […]
01/25/2025
It’s not uncommon for US citizenship to pose difficulties for US citizens living abroad, particularly when they’ve lived abroad long term. While US citizenship grants certain privileges, such as the right to vote in federal elections and a US passport, it also carries with it certain burdensome obligations. Among the most pressing concerns for Americans […]
02/01/2025
Getting ready to move to the Great White North? In addition to finding housing and physically moving yourself and your belongings, you’ll want to consider the tax implications of a move to Canada. A common question that often guides these considerations is a side-by-side comparison between the Canada tax rate vs the US tax rate. […]
01/08/2025
As an expat, the US Social Security benefits you’ll be eligible for at retirement may be lower than the standard benefits an average American will receive for a variety of reasons. And when you throw foreign pensions and foreign social security programs and their implications for your US benefit into the mix, it can be […]