{"id":10763,"date":"2024-05-22T12:24:14","date_gmt":"2024-05-22T19:24:14","guid":{"rendered":"https:\/\/www.irs.com\/?p=10763"},"modified":"2024-05-15T12:38:10","modified_gmt":"2024-05-15T19:38:10","slug":"tax-extension-deadline-for-us-citizens-abroad","status":"publish","type":"post","link":"https:\/\/www.irs.com\/en\/tax-extension-deadline-for-us-citizens-abroad\/","title":{"rendered":"Updated Tax Extension Deadline for US Citizens Abroad"},"content":{"rendered":"

The IRS recently reported<\/a> the guidelines and instructions on when and how to file if you were living or working abroad. Here is an outline of what you need to know.<\/p>\n

Qualifying for the June 17 Extension<\/h2>\n

Taxpayers living and working outside the U.S. have until Monday, June 17, 2024 to file their 2023 federal income tax returns. Taxpayers in Israel, Gaza and the West Bank have until Oct. 7, 2024, to file<\/p>\n

If a taxpayer uses a calendar year, their regular due date is April 15, and their automatic extended due date is June 15, but their due date is delayed until the next business day, June 17.<\/p>\n

File to Claim Benefits<\/h2>\n

Many taxpayers living outside the U.S. qualify for tax benefits, but they are available only if a U.S. return is filed. The IRS encourages families to check out expanded tax benefits and claim them if they qualify.<\/p>\n

Reporting is Required for Foreign Accounts and Assets<\/h2>\n

Federal law requires U.S. citizens and resident aliens to report worldwide income, including income from foreign trusts and foreign bank and securities accounts. Some taxpayers may also have to report specified foreign financial assets on Form 8938.<\/p>\n

Reporting Foreign Financial Accounts to Treasury<\/h2>\n

Foreign financial accounts must be reported by electronically filing Form 114 with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The deadline for filing the annual FBAR is April 15, 2024, but there is an automatic extension until Oct. 15, 2024.<\/p>\n

Report in U.S. Dollars<\/h2>\n

The IRS accepts any posted exchange rate that is used consistently for Form 114 and Form 8938.<\/p>\n

Making Tax Payments Abroad<\/h2>\n

Taxpayers can pay their U.S. tax obligation electronically via their IRS Online Account, IRS Direct Pay<\/a> or the Electronic Federal Tax Payment System.<\/p>\n