Why Your Tax Refund Could Be Costing You More as an Expat in America
About this episode
This episode discusses how the focus on maximizing tax refunds may be detrimental to expats in the U.S.
Many expats in the U.S. are told to focus on one thing when it comes to taxes: get the biggest refund possible. But what if that advice is actually working against you? In this episode of Abroad in America, we break down a critical misconception that impacts thousands of expats every year. While tax preparers play an important role in navigating a complex system, most are trained to think in short-term timeframes. Their goal is often to optimize your current-year return, not your long-term ta...
More episodes of Abroad in America
- Why “Lower Taxes Today” Can Become a Bigger Problem Later
- The Hidden Costs of Living in America as an Expat
- 5 Costly Tax Mistakes Expats Make in Their First 2 Years in the U.S.
- FATCA Explained: Form 8938 and Foreign Account Reporting for Expats
- What Totalization Agreements Do
- Why Are Americans Like That?
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