Episodes

In this episode, we discuss how to navigate foreign tax policy changes and how they can impact your US tax filing. We begin with a high-level review of the Foreign Tax Credit (FTC), which we broke down in full in another episode here: https://www.swisscastnetwork.ch/show/passport-to-wealth/how-to-use-the-foreign-tax-credit-to-reduce-your-us-tax-bill/ As an example, we discuss a recent tax policy change in Switzerland which raised the deduction you are eligible to claim for your childcare expense...

In this episode, we discuss itemized deductions and how you can use them to decrease your US tax bill. We discuss what itemizing your deductions means, what itemized deductions you are eligible to take, how to itemize your deductions, and considerations for expats. Mentioned in this episode: Passport to Wealth is a proud member of the SwissCast Network Discover more podcasts for English-speaking Switzerland SwissCast Network

In this episode, we discuss the standard deduction and how it it used to reduce your taxable income. We discuss how this deduction works, how it changes on an annual basis, who is eligible to use the deduction, why you should use the deduction, and a brief intro to itemized deductions. Tune in next week to hear how you can itemize your deductions.

In this epsiode, Savannah shares her story of how she ended up living in Europe. She dives into how she formulated a plan to move abroad, the job application process, visa considerations, and how her and Arielle met. As mentioned in the episode, you can find if your higher education is accepted in Germany here: https://anabin.kmk.org/anabin.html (https://anabin.kmk.org/anabin.html).

Are you considering leaving the US and moving abroad? In this episode, we discuss our initial tips and factors you should consider when planning a move abroad. We cover account consolidation, potentially changing brokerages, foreign bank account considerations, foreign pensions, and basic tax considerations. While not all-encompassing, this episode should start helping you understand the factors you need to consider to plan a successful move.

As a US expat, there are two main tax benefits available to reduce your US tax balance and avoid double taxation. In this episode, we discuss one of those benefits, the Foreign Tax Credit (FTC). We will discuss how the foreign tax credit works, the various "buckets" in which different income sources fall, what kind of foreign taxes are eligible to be used, and how it works in combination with the Foreign Earned Income Exclusion (FEIE). Mentioned in this episode: Passport to Wealth is a proud mem...

As a US expat, there are two main tax benefits available to reduce your US tax balance and avoid double taxation. In this episode, we discuss one of those benefits, the Foreign Earned Income Exclusion (FEIE). We will discuss who qualifies for the exclusion, how much you can exclude, additional exclusion for foreign housing expenses, what income can be excluded, how to claim the exclusion, and how it can impact your eligibility to take other credits. We will cover the other expat tax benefit, the...

Most foreign countries have pension plans that are offered to employees living and working in that country. These plans are to ensure that residents are saving for and set up for a successful retirement. However, these plans become increasingly complex for US citizens or those with a US filing requirement, as the tax treatment can differ from the treatment in the resident country. In this episode, we discuss the basics of these foreign pensions, how they can be treated in the US, and steps you s...

Leaving your home country and moving abroad can be an isolating experience. In this episode, we discuss our top tips for meeting friends and developing a community abroad. Mentioned in this episode: Passport to Wealth is a proud member of the SwissCast Network Discover more podcasts for English-speaking Switzerland SwissCast Network

As an American living abroad, filing your US taxes can be challenging. In this episode, we walk through charitable contributions and how you may be eligible to use these contributions to lower your US tax balance. Mentioned in this episode: Passport to Wealth is a proud member of the SwissCast Network Discover more podcasts for English-speaking Switzerland SwissCast Network