Editorial team of TFX
Articles
Proposed tax breaks for seniors could cut Social Security taxes and boost deductions
For millions of older Americans – especially those living on fixed incomes – the rising cost of living continues to put pressure on their financial security. But recent legislative proposals backed by both Republican and Democratic lawmakers, as well as AARP,...
A tax break for teachers: Understanding the educator expense deduction in 2025
Each year during Teacher Appreciation Week, we take time to recognize the enormous impact educators have on our communities. While heartfelt thanks are always meaningful, there’s one small gesture from the federal government to help teachers financially – the Educator Expense Deduction. What is th...
Trump renews promise to end double taxation for Americans abroad
President Donald Trump’s campaign pledge to end the long-standing practice of double taxation for Americans living overseas is gaining new momentum as he begins his second term in office. With Republican majorities in both the House and Senate, many overseas Americans hope this effort finally results in meaningful reform. <...
2026 HSA contribution limits and HDHP requirements: What expats and taxpayers need to know
The IRS has released the new health savings account (HSA) contribution limits and high deductible health plan (HDHP) thresholds for tax year 2026. While the increases are modest, they reflect adjustments for inflation and can impact both health care budgeting and tax strategy. If you're enrolled in an HDHP or considering opening an ...
New free expat tax extension service now available – Get extra time to file without penalties
At Taxes for Expats (TFX), we understand the unique challenges US expats face when filing taxes from abroad. That's why we’re excited to announce our Free Expat Tax Extension Service – designed to help expats avoid penalties and get more ...
Missed the April tax deadline? Here’s what to do next
If you didn’t file your 2024 tax return by the April 15 deadline, you're not alone – and it's not too late to act. The IRS encourages taxpayers to file as soon as possible to reduce penalties and interest. Here's what you need to know and how to get back on track. Why filing late costs you...