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Not sure how many BAE members file US taxes, but this is a timely piece about how to receive substantial Coronavirus Relief - US Expats included.
brighttax.com
US Expats Eligible For Coronavirus Recovery Rebate
Under the CARES Act due to be passed later today, Americans living abroad are eligible to receive the Recovery Rebate alongside Americans in the US. The Coronavirus Aid, Relief and Economic Security Act passed the Senate by...
Friday, March 27th 2020, 7:55 PM EDT
Under the CARES Act due to be passed later today, Americans living abroad are eligible to receive the Recovery Rebate alongside Americans in the US.
The Coronavirus Aid, Relief and Economic Security Act passed the Senate by 96-0 on Wednesday after negotiations between the Republicans and Democrats over the details.
Among other measures, CARES provides a Recovery Rebate to help Americans struggling financially due to the Coronavirus outbreak.
https://www.wrcbtv.com/story/41947962/breaking-us-expats-eligible-for-coronavirus-recovery-rebate#
The rebate is worth $1,200 per adult (so $2,400 for a couple), and $500 per dependent child under 17 years old.
To qualify, expats have to have a US social security number, and file US taxes.
The US tax system requires all Americans to file US taxes, reporting their worldwide income, whether they live in the States or abroad. When expats file, they can claim measures such as the Foreign Tax Credit and the Foreign Earned Income Exclusion that mean that most don’t end up owing any US tax, although they always have to file.
The Recovery Rebate is available for all Americans, including expats, who earn up to $75,000 (or $150,000 for married couples). The rebate slowly phases out for Americans who earn over these amounts.
Monte Silver, the world-renowned US expat advocate and international tax attorney, said: “For decades, each tax reform has resulted in Americans abroad getting hit by one tax and disclosure law after another. While all are intended to prevent abuse by multinational corporations and tax cheats, these laws have had drastic effects on the expat community. Now, for the first time in decades, the U.S. government has paid attention to expats, acknowledging that we too were suffering in this crisis and deserve relief.”
Breaking News: The CARES Act Provides US Expats with Coronavirus Recovery Rebate
Congress has passed the CARES (Coronavirus Aid, Relief and Economic Security Act) Act, which provide Recovery Rebate payments for US expats globally.
brighttax.com
US Expats Eligible For Coronavirus Recovery Rebate
Under the CARES Act due to be passed later today, Americans living abroad are eligible to receive the Recovery Rebate alongside Americans in the US. The Coronavirus Aid, Relief and Economic Security Act passed the Senate by...
Friday, March 27th 2020, 7:55 PM EDT
Under the CARES Act due to be passed later today, Americans living abroad are eligible to receive the Recovery Rebate alongside Americans in the US.
The Coronavirus Aid, Relief and Economic Security Act passed the Senate by 96-0 on Wednesday after negotiations between the Republicans and Democrats over the details.
Among other measures, CARES provides a Recovery Rebate to help Americans struggling financially due to the Coronavirus outbreak.
https://www.wrcbtv.com/story/41947962/breaking-us-expats-eligible-for-coronavirus-recovery-rebate#
The rebate is worth $1,200 per adult (so $2,400 for a couple), and $500 per dependent child under 17 years old.
To qualify, expats have to have a US social security number, and file US taxes.
The US tax system requires all Americans to file US taxes, reporting their worldwide income, whether they live in the States or abroad. When expats file, they can claim measures such as the Foreign Tax Credit and the Foreign Earned Income Exclusion that mean that most don’t end up owing any US tax, although they always have to file.
The Recovery Rebate is available for all Americans, including expats, who earn up to $75,000 (or $150,000 for married couples). The rebate slowly phases out for Americans who earn over these amounts.
Monte Silver, the world-renowned US expat advocate and international tax attorney, said: “For decades, each tax reform has resulted in Americans abroad getting hit by one tax and disclosure law after another. While all are intended to prevent abuse by multinational corporations and tax cheats, these laws have had drastic effects on the expat community. Now, for the first time in decades, the U.S. government has paid attention to expats, acknowledging that we too were suffering in this crisis and deserve relief.”
