How the Latest Tax Law Affects U.S. Expats and Foreign-Owned Businesses in 2025?
Starting with the 2025 tax year, the One Big Beautiful Bill Act (OBBBA) introduces several important changes that will affect U.S. taxpayers living abroad. Here is a concise summary tailored for expats: Key Individual Tax Changes Affecting Expats (Effective 2025): Permanent Extension and Increase of Standard Deduction: The increased TCJA standard deduction is now permanent and further increased [...]