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.

Form 2555 – Everything Expats Need to Know

Form 2555 – Everything Expats Need to Know

Form 2555 and form 2555-EZ are used to claim the Foreign Earned Income Exclusion, and form 2555 the Foreign Housing Exclusion or Deduction too. The Foreign Earned Income Exclusion allows you to exclude up to around $100,000 (the figure rises a little each year) of foreign earned income from US federal income tax. Please note […]

The Foreign Housing Exclusion: What Expats Need to Know

The Foreign Housing Exclusion: What Expats Need to Know

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 […]

What Is the Foreign Earned Income Exclusion?

What Is the Foreign Earned Income Exclusion?

If you meet certain requirements, you may qualify for the Foreign Earned Income and Foreign Housing Exclusions and the Foreign Housing Deduction. A quick rule of thumb is to have been outside the US for 330 days. Then you qualify for the FEIE. If you are a US citizen or a resident alien of the […]