Why pay taxes if you don't have to? In the US, if you are abroad for 330 or more days out of the tax year, you file a single IRS tax form, 2555, the Foreign Ea

Why pay taxes if you don’t have to?In the US, if you are abroad for 330 or more days out of the tax year, you file a single IRS tax form, 2555, the Foreign Earned Income Exclusion and don’t have to pay about 125,000 in earned income tax each year. takes 15 minutes to fill out.Country doesn’t matter, company doesn’t matter, being out of the US 330 days or more entitles you to this legal tax eclusion.Which is pretty great, I’ve saved probably tens of thousands over the years while traveling using this income tax exclusion.Worth looking into:https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-physical-presence-testThe information provided is for general informational purposes only and should not be considered personalized financial advice. Consult with a qualified financial professional before making investment decisions.

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