Receive Lucrative Expat Tax-Breaks and Still Keep Your US Citizenship

January 16, 2023

There are many of the tax misconceptions that exist regarding expat life

There are many of the tax misconceptions that exist regarding expat life, but you really can pay little to no taxes and keep your US citizenship--while staying in good standing with the US Government.

US expats have enjoyed special tax treatment for more than 80-years now. The US government’s expat tax breaks are crucial in keeping Americans working abroad competitive with expat workers from other countries. Why? The US is the only major country in the world to tax its citizens and green card holders no matter how long they live and work outside the United States.

So, without the expat tax breaks in place, US expats working overseas would be at a substantial competitive disadvantage versus expats from other countries—as expats from other countries enjoy far more favorable tax-free laws.

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U.S. expats get an automatic extension until June 15. They can also file for an extension into October. But what if you need even more time after the October extension? Don't worry; you can ask for another extension until December 15 but you must make the request on, or before, October 15th (Oct. 16th in 2023)