Foreign earned income exclusion & expat taxes with Grace Taylor

#24: Whether you retire early, take a sabbatical, or just take vacay, when you travel abroad there’s often multiple great opportunities to turbocharge your 4×4 FIRE framework “save” pillar.

One: overseas destinations often have lower cost of living compared to home, so you save on daily spend.

Two: when booking overseas flights, you can often arbitrage your miles & point redemptions for outsized value (we covered some juicy strategies in Episode 17).

Today, we deep dive on a third way: hacking your expat taxes.

In this week’s podcast, I talk with expat tax CPA (US) Grace Taylor about how to be strategic with tax optimization as an expat.

What you’ll learn: 

• Key tax issues affecting expats – whether you’re a company employee, digital nomad, or early retiree
• How the foreign earned income exclusion works
• How state residency rules interact with expat tax strategies (and how to optimize)
• For digital nomads: strategies for using an LLC/S-Corp to optimize taxes
• Key rules re: foreign tax credits

Have you ever filed taxes as an expat? Was your tax bill lower vs. non-expat years? What other questions about expat taxes and FEIE do you want answered? Let me know by leaving a comment.

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Links mentioned in this episode:

• Gracefully Expat
• HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.