How to file your US tax return if you’re living abroad
November 23, 2023 ⚊ 1 Min read ⚊ Views 52 ⚊ BUSINESS
Being a US citizen and living overseas is an amazing experience, but it does have its duties, one of which is submitting your US taxes – Filing US Tax Returns When Living Abroad. Even though it might seem like a difficult undertaking, with the correct assistance, it can actually be very simple. If you live overseas, we’ll walk you through the process of filing your US tax return in this blog article.
Priority one should be given to comprehending your tax responsibilities as a US expat. Because US residents are subject to worldwide income taxes, all income, even that earned abroad, must be reported. On the other hand, you may be able to lower your tax bill using some tax perks. You can choose to exclude a part of your foreign-earned income from US taxes with the Foreign Earned Income Exclusion (FEIE). You can also use the Foreign Tax Credit to deduct taxes paid to other countries from your US tax burden. To fully profit from these advantages, be sure you are familiar with them.
