The Secret of the FEIE: Your Ticket to a Tax–Free Life Overseas
Living and working overseas provides opportunities for new vistas, new cultures, great food, more sunshine, and a much lower cost of living. But did you know that it can also provide you with a huge tax benefit? Maybe you are overseas as an employee for a corporation, a local B&B, or even a tour company. Perhaps you operate abroad as an independent consultant, freelancer, or business owner. If you are a U.S. citizen living and working outside the U.S. for most of a year, you may qualify for what’s known as the Foreign Earned Income Exclusion (FEIE). With this, you could completely eliminate your U.S. tax liability.
