It depends on how you are taxed, and in which country you were taxed. The FTC only applies to taxes that are applied to YOU. So if you are set up through some

It depends on how you are taxed, and in which country you were taxed. The FTC only applies to taxes that are applied to YOU. So if you are set up through some Limited Company that pays out dividends or other non-PAYE scheme, YMMV. I tried to keep it simple (overly simplistic, obviously) and specifically to the FEIE that GGP mentioned. I'm not an international tax law expert, and I'm sure for less than the $40k in my example above you can have someone set up the proper shelters you need to limit your taxation, but the FTC