The Foreign Earned Income Exclusion

The Foreign Earned Income Exclusion is an IRS exemption that expats can claim when they file their federal tax return that allows them to exclude the first around $100,000 of their earned income from US taxation.

Foreign Earned Income Exclusion News

The Foreign Earned Income Exclusion can only be used to exclude earned income. To claim it, expats must also meet IRS criteria to prove that they live abroad. Whether it’s the best exemption to claim depends on each expat’s circumstances.

US Tax Forms for Expats – Form 2555 or 2555-EZ?

US Tax Forms for Expats – Form 2555 or 2555-EZ?

All Americans (including green card holders) are required to file US taxes, reporting their worldwide income, including expats. Many expats mistakenly assume that they don’t have to file US taxes if they don’t have US sourced income, or due to a tax treaty, however all Americans who earn over $12,000 or just $400 of self-employment […]

What’s New About the Foreign Earned Income Exclusion in 2019?

What’s New About the Foreign Earned Income Exclusion in 2019?

Living abroad is an incredible experience, so it’s easy to understand why over nine million Americans have made the move overseas. The American tax system is unusual though, in that expats are still required to file a US federal tax return, reporting their worldwide income, regardless of whether they are also filing foreign taxes or […]

Taxes for US Expats – How Many Days Can I Spend in the US?

Taxes for US Expats – How Many Days Can I Spend in the US?

Because all American citizens and green card holders are required to file a US tax return, reporting their worldwide income, the IRS provides a number of exemptions that can be claimed that help expats minimize (and most often eliminate entirely) their US tax liability.   These exemptions must be claimed when expats file their federal […]

Taxes for Expats – Is Foreign Income Tax Exempt?

Taxes for Expats – Is Foreign Income Tax Exempt?

When Americans move abroad, they are usually more focused on the adventure ahead than on getting to grips with US tax rules for expats. In fact, many assume that their foreign income is tax exempt. It’s counter-intuitive, in a way, that US expats are required to file US taxes from abroad, declaring their worldwide income. […]

Is There an Overseas Tax Exemption for US Expats?

Is There an Overseas Tax Exemption for US Expats?

Many expats are surprised or even shocked when they discover that they have to file US taxes from abroad. They may be paying foreign taxes where they live already, and anyway no other country (except Eritrea) requires expats to continue filing if they move abroad. While the US has tax treaties with over 100 other […]