If you are a U.S. citizen or Resident expatriate (expat) living abroad, you are still required to file U.S. taxes each year with the IRS, regardless of your country of residence. This includes reporting your worldwide income and claiming applicable credits and deductions.
Foreign Earned Income Exclusion (FEIE): You may exclude up to $112,000 (for 2024) of foreign-earned income from U.S. taxation.
Foreign Tax Credit (FTC): The FTC provides a dollar-for-dollar reduction in your U.S. tax liability for taxes paid to a foreign government.
At Taxbridge Consultants, we specialize in helping expatriates navigate the complexities of U.S. tax obligations. We ensure that all necessary forms are filed accurately and on time, so you can stay fully compliant while maximizing your potential tax savings.
To deliver ethical, accurate, and fully compliant tax consulting while building long-term client trust and satisfaction.