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Last time I lived abroad (and you need to live for more than a year) it was basically an $80k deduction. So at $100k you're taxed at $20k. Small clarification b
by matt_wulfeck 11y ago
Last time I lived abroad (and you need to live for more than a year) it was basically an $80k deduction. So at $100k you're taxed at $20k. Small clarification but it made a big difference.
- rmac 11y agothis has been 'fixed'. Now, if you make 100k, you're taxed in the 100k bracket but only on 20k (approx)
- toephu2 11y agoAll of it up to 100k is exempt, it's called the Foreign Earned Income Exclusion and it goes up every year w/ inflation. https://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion https://www.irs.gov/Individuals/International-Taxpayers/Fore...