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Since you live abroad, there are several tax considerations and actions you should be aware of when it comes to your U.S. tax obligations: 1. Foreign Earned Income Exclusion (FEIE): If you meet the requirements, you may qualify for the Foreign Earned Income Exclusion, which allows you to exclude up to $108,700 (for tax year 2021) or $112,000 (for tax year 2022) of your foreign earned income from your U.S. taxable income. To qualify, you'll need to meet either the Bona Fide Residence Test or the Physical Presence Test. 2. Foreign Tax Credit: If you are paying taxes in Australia on your foreign income, you might be eligible for a Foreign Tax Credit to avoid double taxation. You can claim a credit for taxes paid to a foreign country, reducing your U.S. tax liability. 3. FBAR (Foreign Bank Account Report): If you have foreign bank accounts with an aggregate value of more than $10,000 USD at any point during the year, you must file an FBAR (FinCEN Form 114) with the U.S. Treasury Department. 4. FATCA (Foreign Account Tax Compliance Act): U.S. taxpayers holding specified foreign financial assets with an aggregate value exceeding specified thresholds ($50,000 for single taxpayers and $100,000 for those married filing jointly) must report these assets on Form 8938, which should be filed with your U.S. tax return. Ensure you file your U.S. tax return by the due date (April 15th), but note that U.S. citizens living abroad receive an automatic 2-month extension to file their returns, making the deadline June 15th. If you need more time, you can request an additional extension. Keep records of your foreign income, foreign taxes paid, and details about your foreign bank and financial accounts to ensure you can accurately complete the necessary forms and satisfy reporting requirements.