4 ms·

I would have expected at least a mention of the foreign earned income exclusion from a NY Times article. Anyway, it's $108,700[1] for 2021. Also, maybe they co

by Rapzid 5y ago

I would have expected at least a mention of the foreign earned income exclusion from a NY Times article. Anyway, it's $108,700[1] for 2021. Also, maybe they could have thrown a link to the list of countries that have tax treaties with the USA? There are quite a few[2]. [1] https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/fore.... [2] https://www.irs.gov/businesses/international-businesses/united-states-income-tax-treaties-a-to-z https://www.irs.gov/businesses/international-businesses/unit... Edit: The article does mention the income exclusion. Their fault for burying the lede; somebody's getting paid by the word. Can't be bothered taking responsibility for not reading the full article; I'm off today.

atlasunshrugged 5y ago
Yes, this article is rudimentary at best, especially for something with serious personal ramifications like taxes where doing something incorrectly can have serious consequences.
fortran77 5y ago
From the article: > If you qualify for the Foreign Earned Income Exclusion, your first $108,700 is exempt from U.S. income tax. But keep in mind that this applies only if you’re a U.S. citizen who resides in a foreign country for more than 330 days within 12 consecutive months, not including time on planes, or if you are a bona fide resident of a foreign country. (You would still have to pay federal and state taxes on unearned income including interest, dividends and capital gains.)
deleted 5y ago
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smnrchrds 5y ago
It does mention it. Perhaps you can't see the full article because of the paywall? "Potentially. If you qualify for the Foreign Earned Income Exclusion, your first $108,700 is exempt from U.S. income tax."