Taxes for Expats - TFX

🌧️ IRS tax relief for Texas flood victims 🌧️
In the wake of the devastating floods across Texas, the IRS has provided crucial tax relief for affected residents and businesses. With filing deadlines extended until February 2, 2026, you have more time to file returns and pay taxes.
Key details:
✅ Extended deadlines for individual, business, and tax-exempt returns
✅ Special tax breaks for uninsured disaster losses
✅ Disaster-related retirement plan distribution rules
If you're affected by the Texas floods or know someone who is, make sure to review your tax situation and take advantage of these relief options. https://bit.ly/4kPxj5t

IRS tax relief for Texas flood victims: Filing extensions and deductions The IRS has extended filing deadlines for Texas flood victims, offering tax relief for impacted individuals and businesses. Learn about new deadlines, disaster-related deductions, and more.

🚨 New Estate & Gift Tax Changes for 2025 🚨
The "One Big Beautiful Bill Act" has significantly altered the landscape of estate and gift taxes. With increased exemptions and changes to gift tax exclusions, it’s more important than ever to understand how these shifts affect your wealth transfer plans.
➡️ Learn more about the latest tax law changes and how to optimize your strategy as a U.S. expat.
🔗 https://bit.ly/40szPap

Key estate and gift tax changes: What U.S. expats need to know in 2025 Discover the latest changes in estate and gift taxes under the "One Big Beautiful Bill Act." Learn about the new exemption amounts, gift tax updates, and how they affect U.S. expats and global wealth planning strategies.

💸 New Senior Bonus Tax Deduction in 2025! 🎉
Seniors aged 65+ can now claim up to $6,000 in additional tax deductions, with even bigger savings for married couples. This benefit, part of the One Big Beautiful Bill Act, will be available until 2028, offering much-needed relief for retirees. But there are income thresholds to keep in mind!
➡️ What does it mean for you? Find out how this tax break affects U.S. expats and seniors.
Learn more about eligibility and how to maximize your savings: https://bit.ly/4eS09R4

New Senior Bonus Tax Deduction for 2025: Benefits and implications The One Big Beautiful Bill Act introduces a $6,000 senior bonus for seniors aged 65+ starting in 2025. Learn how it impacts US taxpayers, expatriates, and retirement planning.

🎲💸 New Gambling Tax Rules = Big Trouble for Gamblers in 2026 💸🎲
Heads up, US gamblers – especially expats and pros: The One Big Beautiful Bill Act just changed the game. Starting Jan 1, 2026, you'll only be able to deduct 90% of gambling losses against your winnings. That means:
➡️ Even if you break even, you might still owe taxes
➡️ Professional gamblers could be taxed on phantom profits
➡️ US expats and non-residents face extra reporting pain
🇺🇸 Americans abroad: your gambling wins in the US are still taxable, and now you may not get the full benefit of offsetting losses.
We've broken it all down: what’s changing, who’s at risk, and how to prepare.
📌 Read the full article here: https://bit.ly/4lsXTCj
📊 Includes real-world examples + tips for recordkeeping and compliance.

Gambling tax changes in 2026: New 90% loss deduction rule rump's One Big Beautiful Bill introduces major changes to gambling tax deductions. Starting in 2026, losses will be limited to 90%. Find out how this could impact gamblers and US expats.

🎓 New rules alert for U.S. students abroad!
Starting in 2026, foreign income will count when applying for Pell Grants. That means overseas earnings (even if excluded or taxed abroad) could impact your aid. Plus, credit hour minimums are going up — 15 credits will now define full-time status.
👉 Expats: if you or your child plan to rely on Pell Grants, now’s the time to understand what’s changing and how to prepare. https://bit.ly/4kGkla6

New Pell Grant rules: foreign income now counts – what expats should know Starting in 2026, H.R. 1 includes foreign income in AGI, tightens SAI limits, and raises credit-hour minimums for Pell Grants. Essential guide for US students abroad.

🎓 Big changes are coming to federal student loans — especially for graduate students and parent borrowers. New lifetime caps, elimination of popular repayment plans, and tighter rules are set to kick in by 2026. If you're studying abroad, supporting a student, or paying off loans while living overseas, this affects you directly. 🧳
📌 Learn what’s changing, how it impacts U.S. expats, and what you can do to prepare. https://bit.ly/4nO4CII

Federal student loan limits & repayment reform: essential news for expats Federal student loans get major updates in July 2026: new caps, fewer repayment options, no deferment. See what grad students, parents, and US expats need to know – and how to prepare.

📚 Big news for anyone with federal student loans: A new law caps lifetime borrowing at $257,000 – a major shift from previous rules. If you're a graduate student, a parent borrowing for college, or an expat planning to study or support your kids’ education, this change could seriously impact your plans. Here's what it means and how to prepare 👇
https://bit.ly/3Gw49dq

New $257K lifetime student loan cap A new lifetime borrowing limit of $257,000 for federal student loans is now law. Learn how this impacts graduate students, parents, and US expats planning to fund education.

📢 Big update for online sellers, freelancers, and expats!
The controversial $600 1099-K threshold has been rolled back. Starting in 2025, platforms like PayPal and Venmo will only send you a 1099-K if you earn over $20,000 AND have 200+ transactions per year.
Less paperwork. Less confusion. More clarity. 🧾
👉 Find out what this means for you and how to stay compliant: https://bit.ly/3IgdvKW

1099-K threshold rollback: What the 2025 rule change means for you The $600 1099-K rule is out. The old $20K/200-transaction threshold is back for 2025. Learn what this means for casual sellers, gig workers, and expats.

🧾 Big news for donors—especially US expats!
As of 2026, you can deduct up to $2,000 in charitable donations without itemizing, thanks to a new permanent provision in the 2025 tax bill. That means more giving, fewer forms—and real tax benefits for those who support US churches, schools, and nonprofits from abroad.
🌍 Give back and get credit for it. We explain what qualifies and how to claim it.
👉 Read more: https://bit.ly/4nFN1Cz

New charitable deduction for standard filers: What expats need to know Starting in 2026, US expats and standard deduction filers can deduct up to $2,000 in charitable donations without itemizing. Learn how this permanent change benefits donors abroad.

📢 Big changes are coming for businesses in the service industry! The new “No Tax on Tips & Overtime” provisions promise more take-home pay for workers – but also bring new reporting rules and compliance hurdles for employers.
Our latest article breaks down everything you need to know: from tip thresholds and overtime deductions to Medicaid cuts and payroll updates. Don’t wait – get informed now.
👉 Read more: https://bit.ly/4nxumZL

No tax on tips & overtime: What employers need to know Learn how the new federal tax exemption on tips and overtime affects your payroll, reporting, and employee benefits. TFX breaks it all down for business owners.

🚚✈️ Moving for a new job or military orders? You might be eligible for tax deductions using IRS Form 3903—but only if you're active-duty military! 🏠💼
Check out our complete guide on how to claim moving expenses, what qualifies, and how to fill out the form correctly. Don’t leave money on the table—especially in 2025 when tax laws change! 💸
👉 Read the full article! https://bit.ly/44oyK4u

Form 3903 – Guide 2025 Learn how to claim moving expenses using IRS Form 3903. This guide covers eligibility, what qualifies as deductible, step-by-step filing instructions, and pro tips for active-duty military members moving in 2025 and beyond.

🚨 Missed our June Webinar? We’ve got you covered.
Our Ask a CPA Anything session tackled the biggest US expat tax questions — from foreign pensions and crypto reporting to real estate abroad and renouncing citizenship.
Led by Andrew Coleman, CPA and TFX team expert, the live Q&A brought clarity to complex issues like:
✅ FEIE vs. FTC – which one should YOU use?
✅ Reporting foreign properties, companies & crypto
✅ Social Security abroad, capital gains, and more
📘 Read the full recap here: https://bit.ly/3HwHnCq
📅 Want help with your taxes? Book a free consult: https://bit.ly/4n6jqlJ

June 2025 Webinar Recap: Ask a CPA Anything Missed the June 2025 "Ask a CPA Anything" webinar from Taxes for Expats? Get expert answers on foreign income, crypto, retirement, and filing as a US expat. Led by CPA Andrew Coleman.