A significant tax reform is under discussion that could eliminate U.S. income tax for American expatriates. Currently, U.S. citizens must file and pay taxes to the IRS regardless of where they reside, but new legislation aims to change that.
What’s Being Proposed?
- A shift to residency-based taxation rather than the current worldwide taxation model.
- Exemption from U.S. income tax for Americans residing permanently abroad.
Why This Matters for Expats
If enacted, these changes could mean significant tax relief for expatriates, reducing compliance burdens and potential double taxation. However, tax planning remains essential to ensure that you are prepared for any legislative updates.
Stay Compliant with iTaxFiler
If you’re an expat, our team at iTaxFiler can help you stay ahead of tax changes and ensure you remain compliant with current U.S. tax laws. Whether you need to file returns, claim foreign tax credits, or plan for the future, we are here to assist you.
Don’t risk non-compliance—file your expat taxes with iTaxFiler today!
