02/22/2022
Americans living abroad have to file a US federal tax return and declare their worldwide income, and they may also be liable to pay US income tax. One of the primary provisions that expats can use to exclude their income earned abroad from US tax liability is the Foreign Earned Income Exclusion. This lets Americans […]
02/17/2022
Americans who move abroad are required to keep filing US taxes, reporting their worldwide income. They may also have to continue paying US social security contributions, including self-employed expats who earn as little as $400 a year. Expats who meet tax residency criteria in a foreign country may also have to pay foreign taxes and […]
02/15/2022
Do expats pay state taxes? If this question isn’t top of mind when planning an international move, it’s understandable. There are a lot of other (frankly more exciting) things to think about. Amidst all the excitement, though, it’s important to keep practical details (such as your tax obligations) in mind. The US operates on a unique […]
02/10/2022
US citizens are required to file US taxes if they’re living abroad, despite often having to file foreign income taxes as well. International tax treaties don’t prevent US citizens resident overseas from having to file US taxes, however they do stipulate how to avoid double taxation, most often by claiming tax credits when you file. […]
02/03/2022
The IRS Standard Deduction allows Americans to deduct a fixed amount of their income from US tax when they file their federal return. The Standard Deduction lets Americans avoid the hassle of itemizing their actual deductions when they file. The amount of the Standard Deduction was very low before the 2017 Tax Cuts and Jobs […]
01/28/2022
We’ve created a tax calendar for Americans filing from overseas this year. Americans living abroad are required to file US taxes, as US law states that all American citizens and Green Card holders have to report their worldwide income every year on Form 1040. Most other countries only tax residents. When you file your US […]
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
Due to the increased availability of work-from-anywhere jobs, more and more Americans are choosing to live and work abroad. Given the many benefits of raising children abroad, such as a lower cost of living, great schools and public services, and foreign language and cultural immersion, it’s no surprise that many of these folks are parents. […]