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Foreign earned income and housing exclusion denied

The Tax Court ruled against a taxpayer's petition for the foreign earned income exclusion and foreign housing exclusion, holding that she had waived the right to each in a closing agreement with the ... read more

Get out of paying taxes? It's largely possible if you're an expat

Did you know it's possible for expats to mostly get out of paying U.S. taxes? We spoke with four tax professionals to get this and other tax-day tips. read more

If You Trade Around The World, You Need To Know IRS Rules

The Section 911 exclusion on foreign earned income is $101,300 for 2016, an amount the IRS raises each year. There is also a housing allowance along with maximum amount (cap) per location. read more

How Overseas Property Can Help Limit Your U.S. Tax Liability

For the 2022 tax year, the standard housing exclusion is $15,680 (14% of the Foreign Earned Income Exclusion). However, you could exclude a much larger amount, depending on where you live. read more

U.S. Expats Who Know the Rules May Avoid All Income Taxes

The ability to avoid paying U.S. and foreign income taxes depends on where someone lives and the nature of their work. The ability to avoid paying U.S. and foreign income taxes depends on where ... read more

Understanding taxes for expats

American expats most commonly claim the Foreign Earned Income Exclusion to exclude all or a portion of their foreign-earned income from their U.S. taxes. To qualify to claim the Foreign Earned ... read more

Retiring Abroad? What Expats Need to Know About Taxes

The Foreign Earned Income Exclusion and Foreign Housing Exclusion Expats also have two other options to reduce their U.S. taxes: the foreign earned income exclusion and the foreign housing exclusion. read more

How to Stay Tax Compliant as an American Retiree Overseas

As an American retired abroad, no matter where in the world you are living or how long you reside there, you are required to file a U.S. tax return each year. The one exception is if you earn less ... read more

Bowery Expatriate Tax Group

Foreign income exclusion (IRS form 2555) 2. Housing allowance (IRS form 2555) 3. Tax treaty exemptions and exclusions (i.e. IRS form 1040NR for F-1 J-1 visa and other quilfied) 4. Foreign Tax ... read more

Retiring Abroad? What Expats Need to Know About Taxes

The foreign tax credit is intended to avoid double taxation. — The foreign earned income exclusion and foreign housing exclusion can reduce U.S. taxes. — States have their own tax rules. read more