Americans living abroad can deduct a certain amount of their foreign housing expenses from their US expatriate taxes using the Foreign Housing Exclusion. While there is a set ‘base’ amount, some cities qualify for an increased allowance because of their higher cost of living. Check out this infographic to find out how to calculate the Foreign Housing Exclusion and if your host city qualifies for a larger allowance!
The Foreign Housing Exclusion and Your US Expatriate Taxes
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Want more information on how to reduce your taxes using the Foreign Housing Exclusion?
If you would like to learn more about the Foreign Housing Exclusion and how it can reduce your US expatriate taxes, watch this short video from David McKeegan. To have one of our expat tax experts prepare your US tax return, simply click here!