Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it’s important to look at the tax implications because not all retirement country destinations are created equal. Taxes on Worldwide Income Leaving the United States does not exempt […]
How Americans Abroad Can Receive All Three Stimulus Checks forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
2021 Tax Guide For Americans Living, Investing, And Working Overseas forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Understanding Tax Reporting for U.S. Citizens Living Abroad
U.S. citizens move abroad for lots of different reasons a better quality of life in retirement, a career opportunity, to explore, or for love of a particular person or place but all expats share one very important trait: a sense of adventure.
However, moving abroad involves lots of logistical planning, and financial considerations should always feature near the top of the list, including the requirement that U.S. citizens must still file U.S. taxes after their move overseas.
U.S. Tax Rules for U.S. Citizens Living Abroad
The U.S. has a citizenship-based taxation system. It’s the only developed nation that has this sort of tax system, rather than a residence- or territorial-based system.