4 ms·
My wife wants to take an extended vacation at the end of the year. Deducting 100k from my taxable income would more than pay for the trip. Do you have a source
by technofiend 10y ago
My wife wants to take an extended vacation at the end of the year. Deducting 100k from my taxable income would more than pay for the trip. Do you have a source for your information? Not that I'm challenging it exactly but that seems to good to be true and frankly I think many people with means would be using it if that was the case. So any information that backs up what you're saying would be much appreciated.
- joshyeager 10y agoI believe the parent means "make sure you are in the US for no more than 30 days in a year" not "leave the US for at least 30 days".
- technofiend 10y agoThat would make a great deal more sense.
- gregjor 10y agoIt's called the Foreign Earned Income Exemption, FEIE. You can find details on irs.gov. It's true and lots of people do use it.