Effects Of A Government Shutdown On Your Tax Return
The 2019 U.S. government shutdown made headlines all over the world for its financial costs, longevity and disastrous effects on government workers. While the government may have re-opened, expats are wondering how a government shutdown impacts their tax circumstances.
Do You Have To File U.S. Expat Tax Returns If You’re Living Abroad?
You don't live in America. You don't work in America. Yet you can't escape the tax man by living overseas. That's right — if you are an expat, you still have to file U.S. taxes, just like you would be required to file taxes if you were in the U.S.
What U.S. Expats Need To Know About FEIE
Living abroad doesn't exempt U.S. citizens from paying their taxes. However, the IRS does allow expats working internationally to exclude some of their income under the foreign earned income exclusion (FEIE). As long as you meet all the criteria and follow the rules for claiming it, you can reduce your tax liability and keep more money in pocket.