When you’re a US Citizen or Green Card Holder living abroad, you’re required to file US taxes to the IRS every year if you reach the income filing threshold. However, filing…
There are a few reasons why you’re due for a refund on your US tax return, even if you’re not living in the US. Unclaimed stimulus checks Additional child tax…
The negative sign in line 8 shows that we’ve used the Foreign Earned Income Exclusion on your return. You can find the computation in Schedule 1 of the return, the…
Each Form 1116 has a Regular and an Alternative Minimum Tax (AMT) version, tied to Form 6251. This AMT tax calculation is always run in the background to avoid taking…
If you have used the Foreign Earned Income Exclusion (FEIE) in your previous year, some instances revoking it for a specific tax year and claiming the Foreign Tax Credit (FTC)…
With Form 2555, you cannot claim the Additional Child Tax Credit refund. However, with Form 1116, you can. Here at MyExpatTaxes, our expat tax software allows you to claim the…
The end result of a quite complicated math equation (we handle this for you!) to understand how much of your gross income is actually taxable to the U.S. This includes…
Like dinosaurs, these use to exist but no longer do in 2018! In 2017 and prior, you would get an additional “buffer” to lower your tax bill depending on how…
The IRS provides a standard deduction (i.e. up to that amount of gross income is tax-free) or you can itemize expenses to lower your tax bill. The 2018 standard deduction…
A tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit. This credit is not generally applicable for U.S. Expats due to…
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