Breaking: US Expats Eligible For Coronavirus Recovery Rebate

March 27 23:51 2020

Under the CARES Act due to be passed later today, Americans living abroad are eligible to receive the Recovery Rebate alongside Americans in the US.

The Coronavirus Aid, Relief and Economic Security Act passed the Senate by 96-0 on Wednesday after negotiations between the Republicans and Democrats over the details.

Among other measures, CARES provides a Recovery Rebate to help Americans struggling financially due to the Coronavirus outbreak.

The rebate is worth $1,200 per adult (so $2,400 for a couple), and $500 per dependent child under 17 years old.

To qualify, expats have to have a US social security number, and file US taxes.

The US tax system requires all Americans to file US taxes, reporting their worldwide income, whether they live in the States or abroad. When expats file, they can claim measures such as the Foreign Tax Credit and the Foreign Earned Income Exclusion that mean that most don’t end up owing any US tax, although they always have to file.

The Recovery Rebate is available for all Americans, including expats, who earn up to $75,000 (or $150,000 for married couples). The rebate slowly phases out for Americans who earn over these amounts.

Monte Silver, the world-renowned US expat advocate and international tax attorney, said: “For decades, each tax reform has resulted in Americans abroad getting hit by one tax and disclosure law after another. While all are intended to prevent abuse by multinational corporations and tax cheats, these laws have had drastic effects on the expat community. Now, for the first time in decades, the U.S. government has paid attention to expats, acknowledging that we too were suffering in this crisis and deserve relief.”

Greg Dewald, Bright!Tax Founder and CEO, said: “The Coronavirus outbreak is unprecedented in modern times, and it’s appropriate and right that the US government is providing help for affected Americans around the world. For our part, we stand ready to provide expert advice and support to expats who need to file to receive their Recovery Rebate.”

Bright!Tax is an award winning, leading provider of US tax services for the over 9 million Americans living overseas. For more information about claiming the CARES Recovery Rebate, visit https://brighttax.com/cares-corona-rebate-expats/.

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