2024 Changes coming to your 2023 US Tax Return For Expats and Americans outside the USA.

Filing your US Taxes from abroad just got easier in 2024. Nathalie Goldstein, IRS Enrolled Agent and CEO of MyExpatTaxes outlines what you need to know as an Expat.

Updates include:
* New FEIE amount
* Latest Standard Deduction
* Changes to the Child Tax Credit
* And more!

00:00 Welcome
01:20 What's changed in 2024?
02:30 Refundable Child Tax Credit Increase
04:07 Clean Vehicle Credit
04:50 Last year to claim Covid Stimulus Relief
05:45 IRS Direct Free File
06:30 Who needs to file US Taxes
07:52 Deadlines for US Expat Taxes
08:25 More Information

[vladhilko]

Thank you for the video! I have a question: When do I need to start counting the threshold value for filing taxes? For instance, if I won the green card, worked in Europe all year, and became a U.S. resident only on December 1, 2023, do I need to earn $13, 850 after becoming a resident to file taxes? Or is $13, 850 the earnings for the whole year, including before I became a resident? Thanks for your reply!

[ExpatinTokyo]

My mom passed away last May and I no longer have a home address in the states and I haven’t been back to the states since 2009. What do I do about my stateside address now?

[VictorKomlangan]

Thanks for your explanations. I would like you to clarify us how both child tax credit and income exclusion work? In other words the relation between CTC and income exclusion.

[ctek]

Wait, I can opt out of foreign earned income exclusion to get a child tax credit? How does that work?

[FransceneJK]

Wait, if I earn $120, 000 or less abroad as a salary, I am exempt from paying US taxes??? No kids or property. Just strictly income taxes I mean. I thought I had to pay twice, in the foreign country AND the US. 😖😖😖 this is the new tax law right? It got updated January 1, 2024

[breakfastcrew]

is anyone else running into issues with efiling services requesting a us phone number for authentication? seems like a new requirement for 2023 filing.

[basterowy]

Did I understand correctly that if I'm single and make less 13, 850$ abroad, I don't have to file taxes?

[Brunomish]

I have always been on income exclusion, but I never filed taxes as a US citizen. I moved abroad when I was 18 years old and never kept residency in the US since. And I never knew I had to file annually. It took me so long to finally get a job and all, but I'm still on the income exclusion. Should I file anything?

[enjoystraveling]

Is it true that they the IRS made a new rule that if you live abroad in you’re a US citizen and not only taxed if you’re above a certain amount but you pay an extra tax for being an es pat as if you gave up your citizenship but you did not ??

[ExpatinTokyo]

My son only made 6, 997 in foreign income does he need to file at all?

[skyclarking-]

Is there a correct way to mail taxes from abroad?