Review your credit card fee policies before traveling outside the U.S. to avoid surprise costs. If needed, apply for a credit ...

Are all foreign currency gains taxable? No. Under a de minimis exemption individual taxpayers with foreign currency gains of $200 or less on a “personal transaction” do not need to report them. How ...

Navigating the federal taxation of foreign currency can be compared to trying to cross a perilous sea. Both involve unexpected rough patches, serious difficulties, and frustrating complexity. In this ...

There’s no doubt that traveling abroad can be expensive. Accounting for expenses including airfare, hotel stays, meals and excursions, you’ll need to budget and save for a big trip so you don’t rack ...

You use your card to make an in-person purchase while you’re outside the United States. You use your card to buy something online that’s sold in a foreign currency. Generally, the foreign transaction ...

The Federal Inland Revenue Service (FIRS) has issued new guidelines to clarify the tax implications of foreign currency (FCY) transactions for taxpayers, tax practitioners, and tax officials. The ...

Jenn spent the last decade empowering people to make informed personal finance decisions. As a freelance writer and public speaker, she's committed to helping people achieve their goals. She is ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Many international travellers ...