If you meet certain requirements, you may qualify for the Foreign Earned Income and Foreign Housing Exclusions and the Foreign Housing Deduction. A quick rule of thumb is to have been outside the US for 330 days. Then you qualify for the FEIE.
If you are a US citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is adjusted for inflation (currently at around $97 thousand). In addition, you can exclude or deduct certain foreign housing amounts.
Your Bright!Tax expat tax consultant can explain this in greater detail and work with you on your particular circumstance.
If you are a US citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is adjusted for inflation (currently at around $97 thousand). In addition, you can exclude or deduct certain foreign housing amounts.
Your Bright!Tax expat tax consultant can explain this in greater detail and work with you on your particular circumstance.
