If you’re not staying up-to-date on these recurring changes, you could be overpaying in taxes—which means less money going into your retirement nest egg. Don’t let unfiled tax returns or unpaid taxes get you turbotax for expats down. When you are ready to resolve these issues, Tax Samaritan is here to help you every step of the way. Chat with a tax professional to start a free, confidential consultation – no strings attached.
Fortunately, the IRS provides an amnesty program to help expats come into compliance without facing any penalties. It’s known as the Streamlined Filing Compliance Procedures. However, even if you live in one of these countries, you can still collect any back payments owed to you once you move to a different country. Consult a qualified tax professional to learn the rules for your state.
Tax Software options for US expats filing from abroad
If they can’t easily speak to someone who is knowledgeable in both of these areas, the process will be difficult. You should also know that Americans living abroad qualify for the Economic Impact Payments the government issued during COVID-19.
We have filed thousands of US expat tax returns for American employees, contractors, business owners, digital nomads, and retirees, all over the world. For the exclusions, you must qualify as an official expat and have foreign earned income, and you must file your tax return in order to prove that you are eligible for these benefits. As a U.S. citizen, you have to pay taxes even if you live abroad. If your last U.S. residence was in California, South California, Virginia, or New Mexico, you’ll have to file state taxes. Other states don’t require you to file a state tax return if you’ve been living abroad for more than six months. Our Full Service Guarantee means your tax expert will find every dollar you deserve.
Request an Extension If You Need Time to Qualify for the FEIE
However, if you are required to pay taxes on that income to another country, you may be able to use the Foreign Tax Credit as a dollar-for-dollar credit to offset the US taxes you owe. Children born to a non-US parent overseas may be able to qualify to be reported on your US Federal Tax Return as a dependent. Several tax credits and https://turbo-tax.org/ deductions are available to help expats reduce or erase their US tax bill. Blog Access up-to-date articles, breaking news, deadline information and in-depth case studies on US expat taxes. Knowledge Center Comprehensive guides on everything you need to know from planning your expat journey to filing your expat taxes with ease.