should i work more than 6months in us and rest months in oversea?

income and credits outside US.
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Daniel Bosler
That depends on whether you are looking for tax breaks or if you are trying to keep connection with friends and family.

In order to be eligible for Foreign Earned Income Exclusion, you must work out of the country at least 330 of any 365 period. If you qualify, you may exclude up to $100,500 from your income, plus a housing allowance, if you qualify. You need to keep in mind that this exclusion applies to the taxes owed on the first $100,500. Rather than subtract the $100,500 from your adjusted gross income and check the tax tables, your taxes will figured on your total income and then the taxes on $100,500 would be subtracted to arrive at your tax liability.

If you do not qualify for the income exclusion, if you pay taxes on your income in a foreign country, you would be eligible for foreign tax credit on your federal return.

Hope this helps. Dan Bosler, EA
Leave a Comment 183 weeks ago

Meet Leading Tax Advisors

User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John L Stancil

Tax Advisor/CEO

Lakeland, FL

User Photo John R Dundon, II EA

Tax Director

Denver, CO

User Photo Kevin Johnson MS, JD, LL.M, CPA


Philadelphia, PA

User Photo Brian Weaver, CPA, MBA

Managing Tax Consultant

Des Plaines, IL

User Photo William Rogers, CFP, MBA, EA

Rancho Santa Fe, CA


User Photo Jim Marshall, EA

President/ Tax And Financial Advisor

Scottsdale, AZ

User Photo Brett A Thompson, JD, CPA

Managing Tax Lawyer

Katy, TX

User Photo Charles Woodson, EA

Tax Advisor/Fiduciary Coach

San Diego, CA

User Photo John Richardson

Tax Lawyer

Toronto, Canada

User Photo Clifford Benjamin

Senior Tax Principal

Daytona Beach, FL

User Photo Kazim Qasim, EA, CTC

Managing Tax Advisor/CEO

Orlando, FL


View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page



Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today