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Did you know that if you’re a U.S. citizen or resident alien and you move overseas, the IRS still expects to hear from you every year? It’s true! Your tax obligations don’t disappear just because your zip code changes. In today’s post, I’ll explain what expats and digital nomads need to know about federal tax filing, exclusions, credits, and reporting rules when living abroad...
Many people assume that the Earned Income Tax Credit (EITC) only applies to traditional employees with W-2 wages, but that’s not true. In today’s post, I’ll explain how small business owners, freelancers, and the self-employed can qualify for this credit. I’ll also share a tax strategy that can help small business owners maximize their EITC amount.
What is the Earned Inco...
