Here are some key tax breaks that you don’t want to miss out on in 2025. One of the most popular tax breaks for U.S. expats ...

The foreign tax deduction reduces the amount of income the IRS taxes. The deduction is available to only taxpayers who itemize deductions. To include the sales tax from a personal transaction on ...

IRS Tax Laws Regarding Foreign Currency. ... This option is best if you posted a loss because you can take the full deduction in the current tax year. Foreign exchange losses can be deducted ...