Expats often find that their living expenses are dramatically increased as a result of living abroad. This is especially true for those living in notoriously expensive cities, like Hong Kong. This infographic explains the Foreign Housing Exclusion, which allows you to exclude certain living expenses from your foreign earned income to reduce your overall US tax liability!
Want to learn more about how the Foreign Housing Exclusion can help you?
Contact our expert accountants who can explain what living expenses you can deduct!