Live and work abroad and pay no federal tax

Here’s good news if you’re self-employed (or are an employee) and live and work abroad …

You may be able to exclude most, if not all, of your earned income from United States taxes.

That’s right. If you take advantage of the “foreign earned income exclusion,” you can avoid taxes up to $101,300 of 2016 earned income. And that’s just for starters.

Want to find out more about this terrific tax benefit? Read my new article titled Tax Tips: Live Abroad: Make $100,000 and Pay Zero Federal Income Taxes.

Three ways our fact-filled article can help you:

1. We’ll explain the IRS’s “tax home” requirements. To qualify for the tax exclusion, your tax home has to be in a foreign country. We’ll tell you what determines where your tax home really is when you read the full article.
2. We’ll tell you how to pass the important residency test. There are actually two tests but you only need to pass one. The first is the “physical presence” test. The second is the “bona fide residence” test. You’ll get all the details you need to pass with flying colors when you read the full article.
3. You’ll learn how to exclude housing expenses too. If you want to exclude more than $101,300 of tax-free income, you can claim an additional exclusion for housing costs. This includes rent, utilities, and more as you’ll learn when you read the full article.