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Living as an expatriate is an enriching experience, but it often comes with its own set of financial challenges. Cost management becomes a crucial aspect of your expatriate journey, and smart tax planning is a key component of that strategy. In this guide, we’ll explore effective ways for expatriates to cut costs and how partnering…
Expatriate Reporting and Taxation of Vacation Properties
As an expatriate enjoying the summer season, owning a vacation property can be a rewarding investment. Renting out your vacation home during the summer months can generate additional income. However, it’s important to understand the tax implications and reporting requirements associated with summer rental income as an expatriate. Deductible Expenses: Expatriates can potentially offset their…
The Latest from The American Rescue Plan
Although we are not sure of the “how”, here is a recap of the benefits you can expect sooner or later if your taxable income is up to $75,000 for single or married filing separate taxpayers, up to $112,500 for heads of household or up to $150,000 for taxpayers filing married joint: If your income is…
