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Latest revision as of 03:33, 21 September 2024

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Congress finally acted on New Year's Day, passing the "fiscal cliff" law. This law extended the existing tax rate structure for single taxpayers with taxable income of as compared to USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For individuals with higher incomes, the top tax rate was increased to 39.6% These limits are determined prior to the foreign earned income exception to this rule.

The second way through using be overseas any 330 days each full one year period abroad. These periods can overlap in case of an incomplete year. In this case the filing timeline follows the conclusion of each full year abroad.

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