U.S. Expats in Portugal: Don’t Forget Your October 15 Tax Deadline

Moving to Portugal doesn’t mean you’ve left your U.S. tax responsibilities behind. If you’ve filed for an extension, your deadline to submit 2024 U.S. tax returns is October 15 — and now’s the time to start organizing your documents.

Here’s what every American living in Portugal should know:

• Worldwide income must be reported — including wages from Portuguese employers and passive income streams.
• Foreign Earned Income Exclusion (FEIE) can help — you may be able to exclude up to $126,500 from U.S. taxes in 2024.
• Foreign Tax Credit (FTC) can prevent you from being taxed twice — once in Portugal and again in the U.S.
• If you held more than $10,000 in foreign accounts during the year, FBAR filing is required.

Depending on your income, assets, and how long you’ve been in Portugal, additional forms may be needed.

Get Expert Help — and a $25 Discount

That’s why we’ve partnered with Taxes for Expats — a trusted U.S. tax firm with years of experience helping Americans navigate compliance from abroad. As a Prismaat client, you get $25 off your U.S. tax prep.

They offer simple, secure online service, with expert support at every step. You can learn more about our collaboration in this dedicated partnership post.

Don’t wait until the last minute. Stay compliant and save time — start your tax prep today with Taxes for Expats.

More Resources for U.S. Expats in Portugal

• Guide: U.S. Tax Preparation for Americans in Portugal
• What is FBAR? A Detailed Look
• Understanding FATCA Exemptions
• Foreign Earned Income Exclusion (FEIE)
• Foreign Tax Credit (FTC) Explained

Don’t wait until the last minute. Stay compliant and save time — start your tax prep today with Taxes for Expats.