Difference between revisions of "How Does Tax Relief Work"
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Revision as of 19:49, 28 July 2025
There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and supply of the salary or fee pay. Foreign residency or extended periods abroad for the tax payer is often a qualification to avoid double taxation.
In addition, an American living and working outside the country (expat) may exclude from taxable income your income earned from work outside the states. This exclusion is in two parts. The main exclusion is proscribed to USD 95,100 for your 2012 tax year, and to USD 97,600 for the 2013 tax year. These amounts are determined on the daily pro rata basis for all days on which your expat qualifies for the exclusion. In addition, the expat may exclude the number he or she paid out for housing in the foreign country in way over 16% within the basic exemption. This housing exclusion is on a jurisdiction. For 2012, real estate market exclusion will be the amount paid in an excessive amount USD 41.57 per day. For 2013, the amounts above USD 44.78 per day may be omitted.
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