Paying Tax On Income Earned Abroad
If you meet certain requirements, the IRS allows you to exclude up to $80,000 of your income from being taxed. You may also be able to deduct certain amounts you paid for your housing.
To qualify for these exclusions and deductions, you must have earned the income abroad and be living abroad. You must also claim residency in a foreign country for the entire tax year or be present in that country for 330 days out of 12 consecutive months. If you meet these fairly simple requirements, you will save a bundle on taxes. Please keep in mind that you must file a tax return with the IRS even if you do not owe any money because of the exclusion.
read more about paying tax earned outside the United States
