The child tax credit can be a significant financial benefit for expat families abroad. Living abroad does not preclude you from claiming the child tax credit for qualifying dependent children under...
Contrary to popular belief, American expats do not have to be stuck with a high US tax burden, when also paying high taxes in their residence country. The truth is, with the Foreign Tax Credit...
Americans living abroad often consider investing in non-US investments offered by their local banks or employers. But before investing in non-US opportunities like foreign mutual funds, it is...
Over 100,000 Americans live in Australia, many of them in Sydney or Melbourne. While it may feel far away from the United States, don’t forget about US taxes. American expats in Australia may need...
Living abroad is an increasingly attractive option for US Americans as it offers many lifestyle benefits. In addition, qualifying as a bona fide resident in a foreign country or countries has a...
Many Americans abroad use the Physical Presence Test to claim the Foreign Earned Income Exclusion to save on taxes. You often read in Facebook groups or other media that to qualify you must spend...
Mexico has always been a popular destination for Americans, and after the pandemic the number of US expats moving to Mexico has grown exponentially. Living in Mexico is an expat dream, anything that...
Renunciation – The voluntary act of relinquishing one’s citizenship or nationality Many expats may think that renouncing their US citizenship is a way to get rid of all US tax obligations and save...
If you are a US expat, you have probably heard of the Foreign Earned Income Exclusion (FEIE). It's a popular way for Americans overseas to save on taxes. However, you can't claim it just with your...
Canada has always been a popular destination for US Americans. Some are moving to Canada from the USA for the stunning natural scenery and welcoming culture. Others are driven by politics or...
Living in a foreign country, learning about a new culture and language, and meeting new people is all fascinating. Even more, finding love abroad. Love knows no borders. If you are a US expat...
Moving abroad is an exciting decision for many Americans. However, US taxes for expats can be a headache. There are extra reporting requirements, different deadlines, and new exclusions and credits....
