For U.S. citizens and green card holders living abroad, year-end tax planning is more than just checking a box—it’s about making smart choices to reduce tax burdens, stay compliant, and avoid costly penalties.

One of the most common questions taxpayers ask each year is: “Do I really have to report this as income?” 

If you have kids, there are two major tax benefits that can help reduce your bill: the Child Tax Credit (CTC) and the Child & Dependent Care Credit (CDCC). While they sound similar, they work very differently—and both are set to change in 2026 unless Congress acts. 1. Child Tax Credit (CTC) – 2025 Rules The CTC helps families offset the cost of raising children. Who qualifies: Child must be under age 17 at the end of the tax year. Must be your dependent, related to you, and l

Summer is a great time to earn extra income—whether you’re delivering food, walking dogs, tutoring, or working for rideshare services....

Getting mail from the IRS can feel intimidating—but don’t panic. Most IRS letters are routine, and many simply require a response or...

Wondering if you can claim your child, niece, parent—or even a roommate—as a dependent on your tax return? You’re not alone! Here’s a...