06/16/2023
It’s not uncommon for US citizenship to pose difficulties for US citizens living abroad, particularly when they’ve lived abroad long term. While US citizenship grants certain privileges, such as the right to vote in federal elections and a US passport, it also carries with it certain burdensome obligations. Among the most pressing concerns for Americans […]
05/18/2023
Getting ready to move to the Great White North? In addition to finding housing and physically moving yourself and your belongings, you’ll want to consider the tax implications of a move to Canada. A common question that often guides these considerations is a side-by-side comparison between the Canada tax rate vs the US tax rate. […]
05/08/2023
As an expat, the US Social Security benefits you’ll be eligible for at retirement may be lower than the standard benefits an average American will receive for a variety of reasons. And when you throw foreign pensions and foreign social security programs and their implications for your US benefit into the mix, it can be […]
02/25/2023
As an American expat, balancing your adventurous life with the practicalities of tax season is crucial. As 2024 unfolds, Bright!Tax is here to simplify the US tax process for you. This guide is your essential companion for the 2023 tax season, packed with all the key dates and insights to navigate your tax responsibilities with […]
02/25/2023
There are times in life when family members exchange generous gifts with one another, such as during weddings, estate planning, or celebrations of life. However, while the focus may be on the act of giving or receiving foreign property, it is important to be aware of the tax implications that come along with it. These […]
01/16/2023
United States Expats: Did you receive your three COVID-19 stimulus payments from the IRS? If not, you could be eligible to claim up to $3,400, but you need to act soon. Important context: The stimulus checks relate to the federal government’s initiative to offer some financial relief to individuals and families in the wake of […]
01/15/2023
Taxes for expats tend to be complicated, especially for US expats. If you’re a US citizen living abroad with questions about what the expat tax filing requirements are, you’re not alone. Some expats aren’t even aware they need to continue filing US tax returns while living overseas. Expatriate tax is a complicated realm for Americans […]
01/10/2023
Remote working is a growing global trend, particularly working remotely for a foreign company as a digital nomad. Although living in different places around the world while working from a laptop may sound great in theory, there are certain practical matters to bear in mind before embarking on this journey. Many people don’t realize that […]
12/20/2022
It may be a toy for a niece you’re doting on. A handbag for a special someone. Or a gift certificate for your child. And other times, it may be a ranch in Texas or a beach bungalow in Hawaii that you plan to gift to your foreign spouse. Whatever it is, that happy season […]
12/16/2022
You may not be living in the US at the moment. That doesn’t necessarily exempt you from having to file taxes. Under the US’s citizenship-based taxation system, anyone who is a citizen or resident must file taxes if they meet the minimum income threshold, regardless of where they live. But what is the minimum income […]