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Posted by RjPurchase, 1 reply
Question: Does the statement below from the website expat manual mean that I don’t have to pay to the IRS any tax on the $90,000us I make overseas?
From Expats Manual: The latest threshold for tax-free earnings for US citizens is $95,100 of foreign earned income for the 2011/2012 tax year.
You would owe no income tax if you qualified for the Foreign Earned Income Exclusion. You would qualify if you earned the income while living overseas and you were overseas at least 330 days of a 365 day period.