What are the tax implications for expats living abroad?
Expatriates may face tax obligations in both their home country and the country they reside in. Are you looking for specific country information?
Yes, I'm moving from the US to Germany. What should I know?
As a US citizen, you must file a tax return with the IRS, even if you live in Germany. You may also need to file taxes in Germany.
What about double taxation? How can I avoid it?
The US and Germany have a tax treaty that helps prevent double taxation. You can claim the Foreign Earned Income Exclusion or Foreign Tax Credit.
Are there any specific deductions I should be aware of?
Yes, you may be eligible for deductions related to housing, moving expenses, and certain foreign taxes paid. It's best to consult a tax professional.
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