An overview of tax-saving strategies available to American expat entrepreneurs in 2026, covering approaches relevant to US citizens living abroad.
Turkey has introduced a 20-year exemption on foreign-source income for qualifying individuals, effective from 2026. The measure is aimed at attracting international capital and investors relocating to Turkey.
A California union backing a proposed 5% billionaire tax offered to reduce the rate to 2% after the measure cleared a signature threshold, but Governor Newsom declined. Six billionaires had reportedly already left the state following the proposal.
The Department of Homeland Security has issued a proposed rule (RIN 1615-AD08) that would raise USCIS naturalization application fees to as much as $1,330, along with increases to related appeal fees. The proposal represents one of the largest fee increases for U.S. citizenship applications in recent years.
529 plans offer tax advantages for US citizens living abroad and may be used for some overseas education expenses, though not all foreign education costs qualify. Eligibility rules and qualifying expense categories apply to Americans using these plans while residing outside the US.
EB-5 applicants are affected by a pause on immigrant visas, a crackdown on adjustment-of-status filings, and a September 2026 grandfathering deadline converging simultaneously. Investors in the program face significant procedural and timing pressures heading into 2026.
USCIS issued a policy memorandum on June 17, 2026, clarifying how temporary or seasonal need is evaluated for H-2A petitions involving dairy work. Dairy-related positions may qualify for H-2A classification if employers can demonstrate their labor needs are temporary or seasonal.
The IRS is reportedly considering adding a dual citizenship question to Form 1040, according to a Reuters report. The proposal could affect the estimated five million or more US citizens who hold citizenship in another country.
The US Visa Bulletin governs access to approximately 140,000 employment-based immigrant visas available each fiscal year. The bulletin determines when foreign nationals with approved petitions can proceed with their green card applications based on priority dates.