Greenback’s Expatriate Tax News and Tips for US Expats

Foreign Earned Income Exclusion 2019

Foreign Earned Income Exclusion 2019 & 2020 Info For Expats

One of the main ways expats can reduce their tax bill is by using the Foreign Earned Income Exclusion (FEIE). This money-saving deduction is an absolute lifesaver for many expats, lowering if not altogether eliminating their tax liability. Get the Foreign Earned Income Exclusion info you need for 2019 and 2020 so you know what…

SOFA Tax Exclusions

Do Military Contractors Pay Taxes in Countries with SOFA Agreements?

A status of forces agreement, often called a SOFA, is an agreement between a nation that is hosting stationed military forces in their country, and the nation of those forces. Sometimes these agreements are part of a larger swath of military agreements that comprise a more wide-ranging security arrangement. These agreements usually apply to American…

Impact of Buying and Selling Property on US Expat Taxes

US Expat Taxes: Buying and Selling Real Estate Abroad

Moving abroad is a stressful process, even moreso when you throw in property purchases abroad and the impact on your US expat taxes. So many issues surround the ownership of foreign property, including market conditions, foreign mortgages, exchange rates, new cultures, and even different legal structures. As you may already know, a US citizen’s worldwide…

US Taxation of Foreign Pensions

US Taxation of Foreign Pensions: What Expats Need to Know

Understanding foreign pensions can be difficult, especially when you already have to navigate the often-complicated US taxation process while living abroad! Whether you’re planning to retire overseas or move back to the US eventually, you should be aware of these facts regarding your foreign pension. Foreign Pensions and US Taxation: The Basics Over nine million…