If you are a U.S person living outside of the United States, your Federal Income Tax Return is due by June 15th 2026.

However, any taxes owed must still be paid by April 15, 2026, to avoid interest charges.

If your tax return is not ready for filing by May 31st, we will prepare an Extension which extends the filing date to October 15th.

An Extension does not extend the date by which you must pay the balance of tax owed - April 15th. If you owe tax and have an Extension, the IRS will charge interest (currently 7% p.a.). If you do not file by the October 15th and owe tax, you will be charged a late-filing penalty of 5% per month for a period of 5 months and thereafter charged a late-payment penalty of 0.5% per month for 60 months.

*If you send in your tax return via the Post, the postmark date is legally considered as your filing date. You will need to have proof of mailing should the IRS contest the filing date.

Yearly average exchange rate for converting Israeli Shekels into U.S. dollars is: 3.451

If you are filing as Single, You must file if your gross income is: $15,750 or more.

(For single over the age of 65 - $17,550 or more)

If you are filing as Head of Household, You must file if your gross income is: $23,625 or more.

(For Head of Household who is over the age of 65 - $25,625 or more)

If you are filing Married filing Jointly You must file if your gross income is: $31,500 or more (if both spouses are under 65), and $33,100 or more (if one spouse is under 65).

Married filing separately - $5 or more.

Qualifying surviving spouse - $31,500 or more.

(For Qualifying surviving spouse who is over the age of 65 - $33,100 or more)

For the 2025 tax year (tax returns filed actually in 2026), the Child Tax Credit (CTC) increases to a maximum of $2,200 per qualifying child under age 17.

$1,700 of that amount is refundable as the Additional Child Tax Credit (ACTC).

*provided you have at least $2,500 in earned income

The credit begins to phase out for married couples with a modified adjusted gross income (MAGI) over $400,000 and $200,000 for single filers.

1. Change of name, address, marital status and dependents. (Note: provide all names and Social Security numbers

exactly as they appear on the Social Security cards. For children being included as dependents for the first time, provide the date of birth and sex).

2. Annual salary, pension and other compensation: Israeli Form 106; U.S. Forms W-2, 1042-S and 1099-R.

3a. Self-employment income and expenses from Israeli or other foreign sources: Copy of your Shumah from Israeli Income Tax and Form 1301 Israeli Income Tax Return together with applicable schedules such as Profit & Loss, Depreciation, number of kilometers driven for business purposes, details of overseas travel expenses, etc.

3b. Self-employment income from U.S. sources: U.S. Forms 1099-NEC (Nonemployee Compensation), 1099-MISC and 1099-K, plus details of Profit and Loss, Depreciation, miles driven for business purposes, details of U.S. and overseas travel expenses, etc.

4. National Insurance benefits (Bituach Leumi): Confirmation reporting gross amounts of retirement benefits, unemployment compensation, maternity leave, etc., and amounts of taxes withheld, if any.

5. U.S. Social Security retirement benefits received: Form SSA-1099 or SSA-1042-S.

6. Investment income confirmations: Israeli Forms 857 and 867 (אישור ניכוי מס במקור) from banks/investment houses and/or U.S. Forms 1099 and Schedules K-1.

7. OTHER INCOME (from all sources – U.S., Israel and abroad): Details of rental income and expenses, royalties, sales of capital assets (house/apartment, etc.), withdrawals from Fund/insurance accounts (pension, gemel, hishtalmut/life insurance, etc.) and amount of taxes withheld, if any.

8. If you or a member of your household attended one of the major universities in Israel or a university/college in the US, in order to claim the refundable tuition credit, provide Form 1098-T.

9. A copy of your FBAR to help us determine whether or not you are required to include a Form 8938 Report of

Specified Foreign Financial Assets with your tax return. (Note: Failure to include a Form 8938 when required subjects the taxpayer to a $10k penalty).

10. If you are claiming the Child Tax Credit for children 16 years of age or younger, provide proof that the children lived with you at your home address. Such documents includes quarterly Kupat Holim dues statements, school records, medical records, etc.

1. For wages earned in the U.S., details of State earnings are include in your Form 1099.

2. For income from investments in U.S. partnerships, details are typically provided together with Schedules K-1.