The Foreign Earned Income Exclusion (FEIE) is a tax benefit that expats can use to exclude foreign income from U.S. taxation. Here’s how it works: Eligibility: To qualify, you must meet certain requirements: Have foreign earned income. Your tax home must be…
The Qualified Business Income (QBI) deduction is a tax break that allows eligible self-employed individuals and small-business owners to deduct up to 20% of their qualified business income on their taxes. This deduction applies to owners of sole proprietorships, partnerships, S corporations,…
Filing taxes as an expatriate (expat) can be complex due to the interaction between the tax systems of the home and host countries. Here are some general guidelines to help you understand the key tax rules for expats: Determine Residency…
