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Learn the meaning of expatriate as a noun, adjective and verb, and see how it is used in different contexts. Find out the synonyms, antonyms and related words for expatriate in English.
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- What Is An Expatriate?
- Understanding Expatriates
- Special Considerations: Retiring Abroad
- Foreign Earned Income Exclusion
- Foreign Tax Credit
- Expatriation Tax
- Advantages and Disadvantages of Becoming An Expatriate
- The Bottom Line
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An expatriate or expat is an individual living and/or working in a country other than their country of citizenship. The arrangement is often temporary and for work reasons. An expatriate can also be an individual who has relinquished citizenship in their home country to become a citizen of another.
An expatriate is a migrant worker who is a professional or skilled in their profession. The worker takes a position outside their home country, either independently or as a work assignment. The employer assigning the work can be a company, university, government, or non-governmental organization. You would be considered an expatriate or "expat" aft...
Much expatriation occurs during retirement. Most Americans spend their retirement in the U.S. but a growing number are opting to retire overseas. People are motivated to relocate abroad at an older age for several reasons, including lower cost of living, better climate, access to beaches, or other reasons. But it can be tricky to navigate taxes, lo...
Complying with United States income tax regulations is an added challenge and financial burden for Americans working abroad as expatriates because the U.S. taxes its citizens on income that's earned abroad. But the U.S. tax code contains provisions that help to reduce tax liability and avoid double taxation. Taxes paid in a foreign country can be u...
The FEIE doesn't apply to rental or investment income. Any income earned from interest or capital gains from investments must be reported to the IRS. The Foreign Tax Credit (FTC)is a provision that ensures that expats aren't double-taxed on their capital gains. Assume an expat falls in the 35% income tax bracket in the U.S. Their long-term capital ...
An individual who has renounced their citizenship in their home country and moved to another is also referred to as an expatriate for tax purposes. They're subject to an exit tax known as an expatriation tax. The expatriation tax provisions apply to U.S. citizens who have renounced their citizenship and long-term residents who have ended their U.S....
Living and working in another country for an extended period can have its benefits. They can range from new experiences and adventure to more practical considerations like a lower cost of living or being closer to extended family abroad. You may also get government perks like free healthcare and education and more favorable taxation depending on wh...
Expats must typically navigate a complex web of tax rules and regulations that can be challenging to understand and comply with. There are retirement considerations to comply with. U.S. Federal taxes are complicated although you can rely on tax credits and income exclusions to receive favorable U.S. tax treatment. Think it all through before you ma...
An expatriate is someone who lives and/or works in a country other than their own. Learn about the tax implications, benefits, and challenges of being an expat, especially for Americans who retire abroad.
- Julia Kagan
Learn the meaning, pronunciation and usage of the word expatriate, which means a person living in a country that is not their own. See synonyms, word origin and example sentences from Oxford University Press.
Expatriate French voters queue in Lausanne, Switzerland, for the first round of the presidential election of 2007. An expatriate (often shortened to expat) is a person who resides outside their country of citizenship. [1] The term often refers to a professional, skilled worker, or student from an affluent country. [2]
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