Foreign Earned Income Exclusion 2019

Foreign Earned Income Exclusion 2019 & 2020 Info For Expats

One of the main ways expats can reduce their tax bill is by using the Foreign Earned Income Exclusion (FEIE). This money-saving deduction is an absolute lifesaver for many expats, lowering if not altogether eliminating their tax liability. Get the Foreign Earned Income Exclusion info you need for 2019 and 2020 so you know what […]

Military Contractors and the Foreign Earned Income Exclusion

Tax Savings in Afghanistan: The Foreign Earned Income Exclusion (FEIE)

Good tax news is hard to find, but recently, the Bipartisan Budget Act changed the tax home stipulation for contractors as well as employees of contractors, so long as they worked in the US armed forces. To be eligible, they also must work in IRS-determined combat zones. Now, military contractors can claim the Foreign Earned Income […]

Tax Home Changes for Military Contractors

Tax Home Changes Make FEIE More Accessible for Contractors Abroad!

If you’re a contractor who is living abroad, you might be happy to hear that recent tax home changes have made the path to qualifying for the Foreign Earned Income Exclusion (FEIE) easier for foreign contractors and military contractors living abroad. Read below to find out more. Using the Foreign Earned Income Exclusion Working outside […]

Three Things to Know About Filing Late Tax for Expats

Top Three Reasons to Get Caught Up on Late Tax for Expats Before the New Year

Still haven’t filed your 2019 tax for expats? Well, there’s never been a better time to do so! With the end of the year quickly approaching, becoming compliant on your tax obligations is a must in order to avoid penalties, pay less, keep your passport, and lower your audit risk. Read on for details about […]

Smart Money Moves: FIRE for US Expats

FIRE for US Expats: How to Make Smart Money Moves

Many expat entrepreneurs are interested in the financially independent, retire early (FIRE) movement. The tips below can help FIRE for US expats become a reality. FIRE for US Expats Can Become a Reality We’ll begin with some strategies that you should consider if your situation allows. Consider a “Tax-Free” Roth IRA Conversion. In the past […]

Foreign Earned Income Exclusion and Combat Zone Exclusion

Combat Zone Workers Can Use the Foreign Earned Income Exclusion

If you work in a combat zone, you can exclude a hefty portion of your salary or compensation either through the Combat Zone Exclusion or through the Foreign Earned Income Exclusion.   What Is the Combat Zone Exclusion?  The combat zone exclusion applies to wages and compensation paid by the US government to military and civilian employees. To qualify, employees must be […]

Expatriate Tax Preparation Info

Expatriate Tax Preparation: An Overview of US Taxes Abroad

Expatriate tax preparation can be frustrating when you can’t find up-to-date information. And finding accurate, easy-to-understand info can be quite difficult. The US is one of the few countries that taxes a citizen on their worldwide income, regardless of where the income is earned. That means that you, as an American, will in all likelihood […]

US Expat Taxes: Form 2555EZ

US Expat Taxes Explained: Form 2555-EZ for the Foreign Earned Income Exclusion

If you are a US citizen living and working abroad, you will likely take advantage of the Foreign Earned Income Exclusion (FEIE) on your US expat taxes by completing Form 2555 or 2555-EZ. The FEIE allows qualifying taxpayers to exclude up to $105,900 of foreign earned income from their 2019 US expat taxes and $103,900 […]