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by tdfx
2106 days ago
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If you want the term to google to read more about this, it's called the FEIE (foreign earned income exclusion). You're allowed to exclude up to a certain amount of your income each year from federal income taxes (for 2020, it's $107,600). Due to the pandemic they relaxed the rule this year so anyone who spent the first 2-3 months of 2020 outside the US can seriously consider using it. https://www.irs.gov/individuals/international-taxpayers/fore... |
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