Most American nationals do not fully understand the tax benefits of moving abroad. Even expats miss out on a totally legal tax loophole that could exclude from taxes their first US$130,000 in income per person and save them up to US$22,000 a year.
That money could buy top-shelf healthcare in Portugal – or heck, a full year of early retirement in Vietnam. But if you miss even one small detail, you could lose the exemption and that sweet sweet, tax-free gift.
In this video, we break down exactly how the Foreign Earned Income Exclusion (FEIE) works, who qualifies, and the costly mistakes that could prevent you from qualifying and saving BIG. If you live overseas or are considering an international move, this could change everything.
"FEIE: Legal Tax Loophole That Saves US Expats $22K a Year" Timestamps
- 00:00 – Start
- 00:37 – What is FEIE?
- 01:48 – How do you qualify?
- 03:19 – How much $$$ can you save?
- 05:00 – Who qualifies?
- 05:35 – FEIE mistakes
- 06:54 – Benefits of FEIE
This is not financial, tax, or legal advice and should not be considered so. Do not take any action without consulting the relevant professionals.