Deadline for Taxpayers Living Abroad is June 17

Deadline for Taxpayers Living Abroad is June 17

by Platinum Professional Services -
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The IRS has issued a reminder for U.S. taxpayers living and working abroad to file their 2023 federal income tax return by June 17. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Taxpayers residing overseas or on military duty outside the U.S. are granted an automatic two-month extension to file their tax return and pay any amount due. To qualify for this extension, individuals must meet specific criteria outlined by the IRS, such as having their main place of business outside the U.S. and Puerto Rico.

While an extension grants more time to file, it does not extend the deadline for paying owed taxes. Taxpayers unable to meet the June 17 deadline can request an automatic six-month extension by filing Form 4868. Those needing additional time to meet certain requirements for tax benefits must file other forms as specified by the IRS. Members of the military stationed abroad or in a combat zone may qualify for an additional extension of at least 180 days.

Taxpayers living outside the U.S. may qualify for various tax benefits, such as the Foreign Earned Income Exclusion and the Foreign Tax Credit, but these benefits are only accessible if a U.S. tax return is filed. Families are encouraged to explore expanded tax benefits like the Child Tax Credit and the Credit for Other Dependents, ensuring they claim eligible credits. However, the calculation of these credits may differ based on residency status during the tax year. Taxpayers are advised to review IRS instructions for specific guidance on claiming these benefits.