July 26, 2024
How to Reduce your US Tax Bill Using the Foreign Earned Income Exclusion
As a US expat, there are two main tax benefits available to reduce your US tax balance and avoid double taxation. In this episode, we discuss one of those benefits, the Foreign Earned Income Exclusion (FEIE).
We will discuss who qualifies for the exclusion, how much you can exclude, additional exclusion for foreign housing expenses, what income can be excluded, how to claim the exclusion, and how it can impact your eligibility to take other credits.
We will cover the other expat tax benefit, the Foreign Tax Credit (FTC) next week!
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