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.

The FEIE Bona Fide Residence Test For Expats

expats bona fide residence test

The Bona Fide Residence Test allows Americans living abroad to claim the Foreign Earned Income Exclusion, as well as the Foreign Housing Exclusion or Deduction. Americans living abroad are still liable to file and pay US taxes, and the Foreign Earned Income Exclusion provides a way for Americans to exclude income earned while living abroad […]

The Foreign Housing Exclusion: What Expats Need to Know

expat filing foreign housing exclusion

The Foreign Housing Exclusion allows American expats to deduct reasonable housing expenses from their taxable foreign earned income. The Exclusion is granted in conjunction with the Foreign Earned Income Exclusion, but neither are granted automatically: you have to apply for them and file form 2555 with your annual return. The Foreign Housing Exclusion is typically […]

The Foreign Earned Income Exclusion – What Is It?

foreign earned income exclusion

What is it? US citizens and green card holders who live and work outside the US may be able to exclude part or all of their foreign earned income (both wages and income from self-employment income) from being taxable using the Foreign Earned Income Exclusion, or FEIE. To qualify for the FEIE, a person needs […]