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The IRS has issued a reminder to U.S. citizens living and working abroad: the deadline to file 2024 tax returns is June 16. Expats are granted an automatic extension for filing, but failure to meet this deadline could result in penalties and interest.
The extension applies to all U.S. taxpayers living overseas, but they must still file on time to avoid issues. The IRS also advises expats to stay up to date with foreign income reporting requirements, as failure to report global income may lead to audits or fines.
What Expats Need to Know
- Filing Deadline: June 16, 2025 (automatic extension)
- Foreign Earned Income Exclusion: U.S. expats can exclude up to $112,000 of foreign income if they meet certain conditions.
- Foreign Bank Account Reporting (FBAR): U.S. citizens with financial accounts in foreign countries must also file an FBAR if the aggregate value exceeds $10,000.
The IRS recommends early filing to avoid complications, especially for those in countries with unique tax regulations or reporting requirements.
What’s Next?
Expats should review their income sources, consult with tax professionals, and ensure they meet all IRS requirements to avoid penalties.
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