Congratulations on becoming a student who is living abroad! With secondary education generally being quite expensive worldwide, the IRS has offered educational tax deduction benefits to help offset some of your expenses. This guide will break down some essential tax benefits for US expats studying abroad. American Opportunity Tax Credit (AOTC) The American Opportunity Tax… The post Using Educational Tax Benefits to Lower US Expat Taxes appeared first on MyExpatTaxes ..read more

Federal taxes are an obligation for all Americans—even for those abroad—but does this apply to state taxes? The answer is: it depends on the state! It does not matter if you are halfway around the world; you may still have to file California state taxes, depending on your residency status. In this article, you will… The post All the Basics for Filing California State Taxes as a US Expat appeared first on MyExpatTaxes ..read more

The Philippines is a beautiful country with never-ending warm weather and welcoming Filipino people. You could be soaking up the beautiful landscapes like Palawan or Banaue Rice Terraces. Perhaps you’re indulging in some of the festivals like Sinulog or Ati-Atihan. Whether you are learning a new language, enjoying the cuisine or embracing slower pace lifestyle,… The post Filing US Taxes While Living in the Philippines appeared first on MyExpatTaxes ..read more

With the October 15th deadline right around the corner, you may find yourself needing a bit more time to collect or organize all your foreign financial records to complete your tax return. This is when it’s a good idea to be aware of Form 4868, the “Application for Automatic Extension of Time to File US… The post A Complete Guide to Form 4868 appeared first on MyExpatTaxes ..read more

With a citizenship-based tax system, US citizens residing in another country face the complexities of an the administrative system. As US expat tax issues remain constant, some Americans abroad have begun to question the value of their voting rights. MyExpatTaxes conducted the largest US expat survey in 2024 with 1,500 participants living in over 70… The post 2024 Election Survey: Would You Sacrifice Voting Rights to Avoid US Taxes? appeared first on MyExpatTaxes ..read more

Finding out your US tax obligation still stands after moving abroad can leave you with quite the learning curve. Fortunately, instead of learning every IRS form, you can use MyExpatTaxes software, which specializes in US expat taxes. Using the MyExpatTaxes software can help ensure you are aware of key deadlines while simplifying the process for… The post File Your US Tax Extension as an Expat Abroad appeared first on MyExpatTaxes ..read more

You’ve moved abroad to the picturesque landscapes of Switzerland! You’re experiencing the captivating Alps, indulging in Swiss chocolate, and are busy exploring your new home country. Switzerland is a dream come true for US expats! However, you can’t forget your US citizen or Green Card holder responsibilities. Let’s get you up to speed with everything… The post Your Guide to American Expat Taxes in Switzerland appeared first on MyExpatTaxes ..read more

Managing your finances abroad can be quite a complicated task as a US expat. Whether you’re navigating foreign exchange rates, avoiding international transaction fees, or finding a bank with global reach, make sure you choose the right financial institution to find the best banks for US expats. Financial institution you choose, has the power to… The post The 5 Best Banks for US Expats appeared first on MyExpatTaxes ..read more

There’s no question that the IRS has many US tax forms. The one that’s being discussed in this article is Form 5471 for the ownership of foreign corporations. Form 5471 is a complex form that keeps tabs on which US citizens and residents own a foreign corporation. Depending on how much the company is owned… The post How to File Form 5471 – A Guide for Expats appeared first on MyExpatTaxes ..read more

In the digital era, innovations have been made that allow you to verify your identity using online platforms. For a US citizen or Green Card holder, this platform is known as ID.me and is used by numerous organizations, including government agencies, financial institutions, and healthcare providers. If you’re a US citizen living abroad, ID.me can… The post How to Set Up Your ID.me Account as a US Expat appeared first on MyExpatTaxes ..read more