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Started By
Message
Tax question... Working overseas, expat taxes?
Posted on 4/11/13 at 12:09 pm
Posted on 4/11/13 at 12:09 pm
Long story short, I've been offered a gig in the Middle East. Looking at a 2-3 year commitment which would require relocation. Salary is paid tax free.
What are the tax ramifications for a US citizen living abroad? Any good resources for info that explain in laymans terms...?
What are the tax ramifications for a US citizen living abroad? Any good resources for info that explain in laymans terms...?
4
Posted on 4/11/13 at 12:12 pm to wiltznucs
quote:
Salary is paid tax free.
Cya.
Sounds like a great gig, congrats.
Posted on 4/11/13 at 12:14 pm to TheOcean
quote:
Cya.
Sounds like a great gig, congrats.
There are some hurdles to work through, taxes, relocation, schools and safety being among them but its certainly an intriguing opportunity.
Posted on 4/11/13 at 12:16 pm to wiltznucs
Saudi?
Posted on 4/11/13 at 12:17 pm to TheOcean
quote:
Saudi?
Qatar..
Posted on 4/11/13 at 12:29 pm to wiltznucs
I believe you have to spend 330 days outside of the US to qualify. If you do, it is indeed federal income tax free.
Posted on 4/11/13 at 12:29 pm to wiltznucs
had a coworker do that last year, he told me that their are no taxes on the 1st 86K.
Posted on 4/11/13 at 12:36 pm to TigerintheNO
quote:
had a coworker do that last year, he told me that their are no taxes on the 1st 86K.
correct as long as he is gone 11 months out of the year.
Posted on 4/11/13 at 12:46 pm to Fat Bastard
Thanks all!
Posted on 4/11/13 at 3:35 pm to Douglas Quaid
quote:
I believe you have to spend 330 days outside of the US to qualify. If you do, it is indeed federal income tax free.
Correct. There is a limit though. I believe it is $92,000 this year. You can also include a housing allowance paid ny the employer or yourself in the exclusion. It maxes out around $28k.
Posted on 4/11/13 at 3:44 pm to Tiger n Miami AU83
First $92k is free, cant spend more than 30 days inside the US during the year.
Your 'income' for tax reporting purposes must include all sources of compensation (housing allowance, car allowance, tuition/school, etc).
Your 'income' for tax reporting purposes must include all sources of compensation (housing allowance, car allowance, tuition/school, etc).
Posted on 4/11/13 at 4:54 pm to wiltznucs
(no message)
This post was edited on 1/10/21 at 7:53 am
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