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TAX information

wilfred
Wilfred (Admin) May 21, 2022
Worksplorer TAX Information for digital nomads. Image by polina tankilevitch

Taxes. Know before you go.

Find important TAX information here.

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
  • Who Qualifies for the Foreign Housing Deduction—and How Much Can You Claim?
    by Katelynn Minott, CPA & CEO
    Living abroad is great until rent, utilities, and “mystery building fees” start gnawing at your budget. The IRS does throw you a bone: if you live overseas long enough to qualify for the Foreign Earned Income Exclusion, you may also get a break on housing—employees can exclude eligible costs, self-employed folks can deduct them. Think […]
  • Working for an American Company Abroad: Filing Rules Every Expat Must Know
    by Katelynn Minott, CPA & CEO
    Your laptop says “New York,” your laundry says “Lisbon.” Welcome to the club. Thanks to remote everything, plenty of people now work for a U.S. company while living in Spain, Japan, Canada—or wherever the Wi-Fi behaves. Here’s the catch: who you are (U.S. citizen, green card holder, non-U.S. hire, or freelancer) changes the rules. Payroll, […]
  • Inheriting Money from Abroad? What the IRS Says About Foreign Inheritance Tax
    by Katelynn Minott, CPA & CEO
    Inheriting cash or a flat in another country feels like winning the life lottery—right up until you remember the IRS has opinions. Here’s the good news: there’s no separate foreign inheritance tax under U.S. law. The less-good news: there are rules, forms, and deadlines, and the IRS would very much like you to follow them. […]
  • Who Qualifies for the Foreign Housing Deduction—and How Much Can You Claim?
    by Katelynn Minott, CPA & CEO
    Living abroad is great until rent, utilities, and “mystery building fees” start gnawing at your budget. The IRS does throw you a bone: if you live overseas long enough to qualify for the Foreign Earned Income Exclusion, you may also get a break on housing—employees can exclude eligible costs, self-employed folks can deduct them. Think […]
  • Working for an American Company Abroad: Filing Rules Every Expat Must Know
    by Katelynn Minott, CPA & CEO
    Your laptop says “New York,” your laundry says “Lisbon.” Welcome to the club. Thanks to remote everything, plenty of people now work for a U.S. company while living in Spain, Japan, Canada—or wherever the Wi-Fi behaves. Here’s the catch: who you are (U.S. citizen, green card holder, non-U.S. hire, or freelancer) changes the rules. Payroll, […]
  • Inheriting Money from Abroad? What the IRS Says About Foreign Inheritance Tax
    by Katelynn Minott, CPA & CEO
    Inheriting cash or a flat in another country feels like winning the life lottery—right up until you remember the IRS has opinions. Here’s the good news: there’s no separate foreign inheritance tax under U.S. law. The less-good news: there are rules, forms, and deadlines, and the IRS would very much like you to follow them. […]
  • What Americans Living in Costa Rica Need to Know in 2025
    by Katelynn Minott, CPA & CEO
    If you’ve ever daydreamed about swapping rush hour traffic for toucans and monkeys, you’re not alone. Americans living in Costa Rica are discovering that the country’s famous pura vida philosophy isn’t just a slogan—it’s a lifestyle. Think year-round sunshine, beaches on both coasts, misty rainforests, and a daily pace that moves about as fast as […]
  • No Tipping, Free Healthcare, Endless Tea: Life for Americans Living in the UK
    by Katelynn Minott, CPA & CEO
    Every year, more Americans pack up their lives and head across the pond, trading California sunshine for London drizzle—or at least for the promise of six weeks’ vacation. But living in the UK isn’t just about tea breaks and castles. For U.S. expats, international students, and digital nomads, that first year is often a whirlwind […]
  • IRS Form 8965: How to Claim a Health Coverage Exemption
    by Katelynn Minott, CPA & CEO
    Not long ago, going without health insurance didn’t just mean taking a risk—it also meant paying the IRS. Under the Affordable Care Act (ACA), taxpayers without full-year coverage faced the “shared responsibility payment,” unless they qualified for an exemption. That’s where Form 8965 came in. Filing the form allowed taxpayers to claim a health coverage […]
  • How Totalization Agreements Affect Your Social Security as a U.S. Expat
    by Katelynn Minott, CPA & CEO
    Here’s a fun fact no one tells you before moving abroad: you might end up paying into two social security systems at once—your host country and the U.S. Talk about double the paperwork, none of the fun. That’s where totalization agreements (a.k.a. international Social Security agreements) come in. These bilateral deals coordinate the U.S. system […]
  • Combat Zone Tax Exclusion: How Military Pay Is Treated by the IRS
    by Katelynn Minott, CPA & CEO
    Recognizing the unique sacrifices made by those serving, Congress originally enacted the CZTE back in 1918 as a way to show appreciation and provide tangible support. It's been a cornerstone of military tax benefits for decades, evolving over time to adapt to changing circumstances. The CZTE is a lifeline for many service members. With the […]
  • Didn’t File an FBAR? Here’s What to Know About FBAR Penalties
    by Katelynn Minott, CPA & CEO
    When it comes to IRS penalties, the FBAR has a reputation for being one of the harshest. Miss it, and suddenly that “forgotten form” feels less like a slip-up and more like a five-figure headache. Here’s the deal: U.S. citizens, green card holders, and certain residents have to report foreign bank and financial accounts over […]
  • IRS Form 8854: Reporting Rules When You Give Up U.S. Citizenship
    by Katelynn Minott, CPA & CEO
    Walking away from U.S. citizenship—or giving up a green card you’ve held for years—may feel like closing one chapter of your life. But before you pack your bags and toast to a tax-free future, there’s one final piece of paperwork standing between you and freedom: IRS Form 8854. This form decides whether the U.S. considers […]

Tax rates, cost of living, quality of life, and much much more to help you know where to go Worksploring.

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