Aug 8, 2019 | Credits and deductions, Personal U.S. expat taxes
U.S. citizens and Green Card holders living abroad must pass either the Bona Fide Residence Test or the Physical Presence Test in order to qualify for Foreign Earned Income Exclusion. Using this exclusion is one of the most popular and legal ways to reduce your tax... 
Jun 4, 2019 | Credits and deductions, Personal U.S. expat taxes
As a U.S. expat parent, you can claim The Child Tax Credit available for individuals with a qualifying child. A tax credit is better and more valuable than a deduction. Are you wondering why? Because it creates a dollar-for-dollar reduction of your tax bill as a... 
Oct 1, 2018 | Credits and deductions, Personal U.S. expat taxes
While all Americans are taxed in their worldwide income regardless where they reside, they also have Foreign Earned Income Exclusion to reduce the tax burden. And this is what our today’s tax infographic is about. In 2018 you can eliminate up to $104,100 of... 
Aug 9, 2018 | Credits and deductions
Is it better to use Foreign Earned Income Exclusion (FEIE) or Foreign Tax Credit (FTC) when filing US expat taxes? Filing taxes in the U.S. is an extremely complicated and lengthy process and can become even more complex when you’re living abroad. Many U.S.... 
Jul 23, 2018 | Credits and deductions, Personal U.S. expat taxes
U.S. expats can use the Foreign Earned Income Exclusion to reduce taxable income. And if you did you research on this topic, then you probably heard about tests to pass. American abroad has to qualify for one of the two tests. Today we explain what you need to pass... 
Jul 18, 2018 | Credits and deductions, Personal U.S. expat taxes
Today we want to talk about Bona Fide Residence Test, which one shall pass to qualify for FEIE. Are you an American abroad and you earn more than $10,000 USD a year? Then you are required to file U.S. federal tax return. If this is news to you, then you probably...