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Recently, news of proposed expanded child tax credits have been in the news. Some rumors have been swirling around, so here is a rundown:
9/2024 Recently, news of proposed expanded child tax credits have been in the news. Some rumors have been swirling around, so here is a...
Nov 20, 20242 min read
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Did you know? NJ now has a $1,000 refundable child tax credit, while NY only gives up to $330 for the empire state child credit.
Did you know? NJ now has a $1,000 refundable child tax credit, while NY only gives up to $330 for the empire state child credit. Both are...
Nov 20, 20241 min read
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What's the best US credit card for expats with big families, who spend a lot on food each month?
What's the best US credit card for expats with big families, who spend a lot on food each month? The Capital One Savor One credit card...
Nov 20, 20241 min read
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What is your filing status if your spouse is not a US citizen or resident?
What is your filing status if your spouse is not a US citizen or resident? You would file either as Married filing separately or Head of...
Nov 20, 20242 min read
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Special rules for families living in the US on a work visa, which do not have a green card but do meet the substantial presence test:
Special rules for families living in the US on a work visa, which do not have a green card but do meet the substantial presence test:...
Nov 20, 20242 min read
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Major changes close to being passed into law regarding the child tax credit:
The new rules would still require the refundable child tax credit to be based on work, however...
Feb 6, 20241 min read
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$175 per month as a monthly US government child stipend, no strings attached? This may happen soon.
$175 per month as a monthly US government child stipend, no strings attached? This may happen soon. Big news about the child tax credit:...
Feb 6, 20241 min read
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Spouse may need to file a separate FBAR report
Oh no, What happened?! A letter from the Financial Crimes Enforcement Network arrives in your mailbox. A penalty of $10,000 FBAR (Foreign...
Feb 6, 20242 min read
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They were shocked! Instead of receiving a stimulus payment of $9,800, they received a tax bill for over $10k!
They were shocked! Instead of receiving a stimulus payment of $9,800, they received a tax bill for over $10k! How did this happen? This...
Feb 6, 20242 min read
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Obtaining a social security card for a child born abroad has become greatly difficult, and has major tax implications.
Obtaining a social security card for a child born abroad has become greatly difficult, and has major tax implications. In a LinkedIn...
Feb 6, 20242 min read
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Does the US government provide a yearly or monthly child stipend, not dependent on work?
There's a frustrating myth people call me about time and time again. Some people are under the impression that the US government provides...
Jan 23, 20232 min read
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Foreign income and the child tax credit refund
Did you know that foreign income can qualify you to receive the child tax credit refund? Sadly, a misconception has caused many to have...
Mar 16, 20221 min read
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Married Filing Separately - a hidden opportunity
Did you know that filing taxes with Married Filing Separately status can sometimes be extremely advantageous? (No, you do not have to...
Mar 16, 20222 min read
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The Expanded Child Tax Credit for 2021 and US Expatriate families
Samuel M. Nachfolger, AFSP, CAA samuel@borderlesstaxes.com The Expanded Child Tax Credit for 2021 and US Expatriate families [1] ...
Jan 19, 202222 min read
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