How To Deal With Tax Preparation: Difference between revisions

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Revision as of 17:43, 16 September 2024

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Julie's total exclusion is $94,079. On the American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. in taxes.

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The second way would be to be overseas any 330 days in each full twelve month period out and about. These periods can overlap in case of an incomplete year. In this case the filing timeline follows effectiveness of each full year abroad.

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