As the end of the tax year approaches, U.S. expats still have time to make smart financial moves to reduce their 2025 tax liability. Planning in October gives you a head start and keeps you from scrambling in December. Top deductions expats should review: Proactive planning pays offKeeping receipts and documentation throughout the year makes…
If you are living abroad and are receiving income from your employer for housing, you may be eligible for the Foreign Housing Exclusion. Employers may offer housing funds directly to you or may include them as part of your overall income. Both options are acceptable qualifies for the exclusion for the deduction. Those who are…
Foreign Housing There are two different aspects related to foreign housing: deductions and exclusions, although they do have similar tax implications. The main difference between the two is that the exclusion must be employer-provided while the deduction requires the taxpayer to have self-employment income. Foreign Housing Deductions For the foreign housing deduction it only…
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