Living Abroad? You May Still Owe US Taxes

Worldwide Income Taxation

The U.S. taxes its citizens and residents on their global income, regardless of where they live. This means income earned abroad must be reported to the IRS.

Foreign Earned Income Exclusion (FEIE)

For 2025, you can exclude up to $130,000 of foreign earned income if you meet certain criteria. This helps reduce your taxable income.

Foreign Tax Credit

If you've paid taxes to a foreign government, you may be eligible for a Foreign Tax Credit, preventing double taxation on the same income.

Reporting Foreign Accounts

If you have foreign bank accounts exceeding certain thresholds, you must file a Foreign Bank Account Report (FBAR) to remain compliant.

Stay Compliant with Expert Help

Navigating U.S. tax obligations while living abroad can be complex. Consulting with tax professionals ensures you remain compliant and optimize your tax situation.