Is housing allowance factored in 87,500
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Join Date: Jul 2008
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Is housing allowance factored in 87,500
Hey guys , a question for you USA expats. Is the housing and transportation allowances part of the 87,500 tax free dollars?
Join Date: Feb 2002
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The $87,500 limit is only for foreign earned "income", which typically means salary, bonus, etc... Housing exemption is separate and location based. Transportation is not exempt unless you count it as a moving expense.
See IRS Publication 54 for more details. You can download Pub 54 directly from the IRS website, or better yet Google "IRS Pub 54".
See IRS Publication 54 for more details. You can download Pub 54 directly from the IRS website, or better yet Google "IRS Pub 54".
Join Date: May 2002
Location: Land of plantains
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Here, if your SOPs don't put you to sleep, this might...
Sec. 911. Citizens or residents of the United States living abroad
Sec. 861. Income from sources within the United States
Sec. 862. Income from sources without the United States
Sec. 863. Special rules for determining source
Sec. 864. Definitions and special rules
...and if one can't have enough..... well, here is the entire code, I read it all myself
Internal Revenue Code (26 USC)
Sec. 911. Citizens or residents of the United States living abroad
Sec. 861. Income from sources within the United States
Sec. 862. Income from sources without the United States
Sec. 863. Special rules for determining source
Sec. 864. Definitions and special rules
...and if one can't have enough..... well, here is the entire code, I read it all myself
Internal Revenue Code (26 USC)
Join Date: Feb 2002
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southflyer's info is valid, but IRS Publication 54 has all the info for foreign filers for the last tax year (2007). It's an easier read too
IRS Pub 54
IRS Pub 54