Uncle Sam Overseas: The Ultimate Checklist for Financial Freedom Abroad

[Content Provider]

This infographic provides a financial and tax checklist for American expats, highlighting key concepts like the Foreign Earned Income Exclusion (FEIE) and FBAR reporting requirements. It also warns of "sticky" states that may still claim tax residency and offers practical advice on maintaining U.S. bank accounts and addressing the Medicare coverage gap abroad.

 

[VINO]

The Foreign Earned income exclusion is wonderful. I used that for many years while I was working remote for my company and living in Buenos Aires. Also if you're married you can double it! Just remember you have to be out of the US at least 330 days. One of my friends didn't know that and she went for her sister's wedding and stayed a little longer and traveled around. She got audited one year and had to disallow all that income and pay taxes!