Taxes. Know before you go.

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The rapid growth of remote working allows people to explore far off lands and cultures without taking time off work, and it can also offer an opportunity to save money. Understanding tax implications is extremely important, not just from the financial implications, but legal as well.

Each country has different rules and tax rates to be aware of. For example, a higher tax rate in one of the desirable European cities may be worth trading for a no-tax island in the Caribbean, depending on your circumstances. There is a lot to know. For example, US citizens may be required to file a Foreign Bank Account Report with their tax return. Whatever your situation, it is always best to know before you go.

Worksploring Tax information

IRA Early Withdrawal Penalty: Rules and Exceptions
October 14, 2026 by Katelynn Minott, CPA & CEO
Taking money from an IRA before age 59½ can mean ordinary income tax plus a 10% early withdrawal penalty. Living abroad doesn’t remove those rules, but your account type and the reason for withdrawing can change what you owe. At Bright!Tax, we help Americans overseas check those details before moving their retirement money. A withdrawal […]
What Marginal Tax Rates Really Mean for Your Take-Home Pay
October 13, 2026 by Katelynn Minott, CPA & CEO
Your marginal tax rate is the federal income tax rate that applies to your next dollar of ordinary taxable income. A raise or bonus can push part of your income into a higher bracket, but it doesn’t mean everything you earn gets taxed at that higher rate. At Bright!Tax, we help Americans abroad understand what […]
Cryptocurrency Tax Reporting for U.S. Expats: Rules and Forms
October 12, 2026 by Katelynn Minott, CPA & CEO
If you’re a U.S. citizen or resident alien living abroad, cryptocurrency tax reporting still applies when you sell, swap or spend crypto, or receive taxable rewards and payments. Buying with cash and holding it does not create a taxable gain. The reporting depends on what you did—not simply whether you own bitcoin. At Bright!Tax, we […]

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