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You can ether use the foreign earned income exclusion (which I think has risen to closer to 100k) or the foreign tax credit. You also want to take extensions s
by afarrell 10y ago
You can ether use the foreign earned income exclusion (which I think has risen to closer to 100k) or the foreign tax credit.
You also want to take extensions so that you can qualify as a nonresident, or you will pay the ACA penalty for not having health insurance.
- toomuchtodo 10y agoIf you live outside of the US for 330 days a year, you're considered exempt from ACA coverage requirements.
- afarrell 10y agoI think there is also something where you can take an extension in order to hit the 330 day mark if you move in the middle of the year?
- toomuchtodo 10y agoIf such a loophole exists I'm unaware of it, but I would love to be proven wrong if someone has a link or citation they can respond with.