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Over the last few years, lots has been written about moving to Puerto Rico as a tax haven. Around 2,000 Americans are known to have moved to Puerto Rico for this reason to reduce their US tax bill. The only reason more haven’t joined them is that to take advantage of the tax breaks Puerto […]

Adjusting to living abroad takes planning, especially when it comes to your finances and health. Healthcare and health insurance, in particular, come with their own challenges abroad. In this article, experts from International Citizens Insurance share the most common insurance challenges and solutions for American expats.  Challenges of Local healthcare abroad Healthcare in the United States ranks as one […]

(Article contributed by Jason Landrum a OFX International Money Transfers.) In today’s international job market, global mobility has allowed Americans to move around the world. The ability to work from a beach bungalow or a mountain retreat is an appealing notion. And, for many, living abroad can only be possible with “money mobility.” Whether you’re […]

After six months of wrangling, a second stimulus check for Americans affected by the Coronavirus pandemic was announced at the very end of December 2020. The second check was smaller than the first, being worth just $600 per person, compared to the original $1,200. This was despite President Trump as well as the Democrats supporting a […]

Note – a third stimulus check has now been announced too. On Sunday 27th December 2020, President Trump signed the COVID-Related Tax Relief Act of 2020 (COVIDTRA) into law. The Act passed through both houses early last week, however the president didn’t sign it sooner as he was unhappy with the amount of the second […]

Back in March 2020, the CARES Act mandated a one-off stimulus payment for American individuals to help offset the economic impact of the Coronavirus pandemic. Stimulus payments were worth a maximum of $1,200 per American citizen (so $2,400 for couples filing jointly if both are Americans), and $500 per dependent child. A second stimulus check […]

This article was contributed by David Tompkins at Expat Financial. David is an expert in sourcing global health insurance plans for multinationals and individual expats around the globe. Most Americans realize the importance of buying medical insurance in the United States, but what about health insurance when you move abroad? It is unlikely that your […]

Thanksgiving is a time when the thoughts of the nine million Americans who live abroad turn to home, as well as how best to celebrate. With no other country celebrating Thanksgiving (other than Canada, in October, due to an earlier harvest further north), celebrating abroad as an expat presents all sorts of logistical challenges. As […]

While the election result hasn’t been universally acknowledged and confirmed yet, it seems probable at this stage that Joe Biden will be inaugurated in January as the next US president. All Americans, including those living abroad, are required to file US taxes every year, reporting their global income. Most claim IRS provisions such as the […]

It has been estimated that there are several thousand Americans living in Bangladesh. Living in Bangladesh is an wonderful experience for a number of reasons, including the friendly locals, the exotic culture, and the quality of life. As an American expatriate living in Bangladesh though, what exactly do you need to know regarding filing US expat (and Bangladeshi) taxes? […]