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June 17 tax deadline for US Citizens Abroad


This tax season, the deadline to file federal income tax returns for U.S. citizens and resident aliens living abroad is Monday, June 17th, 2024.


This applies unless you live or have a business in Israel, Gaza, or the West Bank, affected by recent terrorist attacks (extended deadline: Oct 7, 2024).


Key points for tax preparers with clients abroad


  • Qualifying for the June 17th extension: Clients who are US citizens/resident aliens residing overseas or on military duty abroad automatically qualify for this extension.

  • Benefits to claim: Many expats qualify for tax benefits like the foreign earned income exclusion and foreign tax credit, but only if they file a US return.

  • Reporting foreign accounts and assets: Expats may need to file additional forms to report foreign income, trusts, bank accounts, and other financial assets.

  • Reporting in US dollars: All income, expenses, and tax payments must be reported in US dollars. Specific exchange rate rules apply.

  • Making tax payments: Electronic payment options are the fastest and most convenient for expats.

  • Reporting for expatriates: Expatriates who relinquished US citizenship in 2023 must file specific tax forms.

  • Extensions beyond June 17th: Clients can request an extension to file by October 15th using Form 4868. Military personnel may qualify for even longer extensions.


 

Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.

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