American expats living abroad and expat taxes to be filed with the IRS December 14, 2023

American expats living overseas are required to file Form 1040 with the IRS annually, reporting their global income, which includes earned wages, interest, dividends, and rental income, among other income types. Even while residing abroad, they may benefit from exclusions like the Foreign Earned Income Exclusion or the Foreign Tax Credit to mitigate double taxation. It is essential for American expatriates to stay informed about their filing obligations, as the United States taxes its citizens and resident aliens on their worldwide income, regardless of where they live or earn their income.