10/06/2022
The purchase or sale of a home stateside can be challenging enough. Abroad, you also have to navigate the US expat tax reporting requirements, which can be a little confusing to say the least. As a US expat, you may already know that your worldwide income must be reported on your American tax return and […]
01/22/2024
Living abroad is a dream for many people — one that’s more attainable than ever thanks to the advent of the digital nomad visa. In fact, dozens of countries across five different continents now offer such visas. But with so many options, choosing just one can be difficult. Fortunately, we’re here to make your job […]
10/06/2022
The US is one of only two countries that uses a citizenship-based tax system rather than a territorial one. This means that the IRS taxes all US citizens, including dual citizens and Americans who live in other countries. So even if you already paid taxes in the country where you live abroad, if you are a […]
10/20/2022
A recent study suggests at least 12 percent of Americans have considered living abroad in older age and retirement, but often a myriad of distractions in our ever demanding world get in the way. With more than half a million retired American expats collecting social security benefits outside the US, it’s clear many push past […]
04/05/2022
The Bona Fide Residence Test allows Americans living abroad to claim the Foreign Earned Income Exclusion, as well as the Foreign Housing Exclusion or Deduction. Americans living abroad are still liable to file and pay US taxes, and the Foreign Earned Income Exclusion provides a way for Americans to exclude income earned while living abroad […]
10/02/2023
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 […]
10/06/2022
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 […]
03/01/2025
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 […]
10/06/2022
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 […]
10/06/2022
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 […]