01/25/2024
Navigating the tax implications of retirement savings across borders can be a daunting task. Whether you’re an American expat who has worked in the UK or you’ve moved to the US after building up a workplace pension in the UK, understanding the tax laws of both countries is crucial for optimizing your retirement strategy. At […]
01/22/2024
John, an American entrepreneur, saw Portugal not just as a scenic backdrop but as a land of opportunity for his business ventures. His entrepreneurial spirit led him to delve deep into the intricacies of US taxation for expatriates, a realm fraught with complexities and potential pitfalls. While he was adept at managing the operational aspects […]
01/22/2024
Dozens of countries, including Peru, currently offer various types of digital nomad visas, and they are continuously adding more. In November 2023, the Peruvian government announced its plans to introduce a digital nomad visa. They are still working out the details, but they expect to finalize them in the early months of 2024. Below, we’ll […]
01/11/2024
If you’re an investor looking to move to a Mediterranean country with incredible culture, food, and beaches, the Greece Golden Visa might be the perfect solution for you. While the visa was launched just over ten years ago, it’s exploded in popularity in recent years. Below, we’ll go over everything you need to know about […]
01/11/2024
If you’re a US citizen or permanent resident who has moved abroad, you might think that you’re off the hook for state taxes — but if you most recently lived in Virginia, you may very well still be subject to an annual Virginia tax obligation. It may not seem fair, but Virginia is one of […]
01/11/2024
As we reflect on the close of 2023, it’s with immense gratitude and a sense of fulfillment that we at Bright!Tax share an exciting update for our ongoing philanthropic endeavor – Bright!Lights. Nestled in the heart of our vibrant global community, Argentina holds a special place as one of our main hubs. With a significant […]
12/29/2023
While parts of Western Europe are starting to bristle with increased costs of living, low-cost European countries abound if you’re willing to step off the beaten path. Rest assured, these more affordable countries maintain the European standard of living that most expats hunger for, including rich cultures to discover and excellent public transportation. You just […]
12/28/2023
Two of the most common additional US tax forms expats have to file are the FBAR and Form 8938 — but what is the difference between FBAR vs. 8938? While foreign assets are reported on both of these forms, they differ in terms of asset type and reporting thresholds. It’s important to understand the differences […]
12/26/2023
“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 […]
12/13/2023
At Bright!Tax, we pride ourselves on our commitment to both our clients and our team. We’re dedicated to expertly managing US taxes for Americans abroad. We are also equally committed to the well-being of our team. Our journey is marked by a relentless pursuit of excellence and a deep understanding of the complexities of international […]