by David Merrifield | 2021, General, US Tax Returns
Minimum income thresholds for US tax filing for expats For 2020 tax year (tax filing in 2021), the minimum income thresholds for US Expats are $12,400 for individuals, $24,800 for married couples (filing jointly), or just $400 of self-employment income for anyone, or...
by David Merrifield | Federal Tax, General, News, US Tax Returns
US Congressional leaders announced yesterday evening (Sunday 20th December 2020) that they have secured a deal for a $900 billion ‘rescue package’ to deliver much-needed relief for small businesses, unemployed Americans and health care workers while...
by David Merrifield | US Tax Returns
ABLE (Achieving a Better Life Experience) accounts are for eligible individuals with a disability – they are tax-favoured savings accounts to which contributions can be made to help pay for qualified disability expenses. The IRS recently released final regulations...
by David Merrifield | News, US Tax Returns
We are delighted that Rachel Finch has now officially become a Certifying Acceptance Agent. This means that Rachel can now certify and complete a Certificate of Accuracy (COA) to authenticate foreign identity documents for you, so you don’t need to send your...
by David Merrifield | General, News, US Tax Returns
Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are nine tips to consider taking action on before 2020 comes to a close. Maximize Retirement Contributions Through Your Employer’s 401(k) Plan This type of plan allows you to contribute...
by David Merrifield | News, US Tax Returns
At this point, most people have heard about relief measures the government has enacted in the wake of Covid-19, but there remains one opportunity to harvest that has had little discussion surrounding it—Section 139 Qualified Disaster Payments. Background ...
