pk
Level 15
Level 15

Get your taxes done using TurboTax

ah yea -- I now remember about housing ( in my time of foreign assignment  this was called COLA by ) expenses -- the employer includes all of it -- paid / incurred by the employer and you include in your income  the offset from the baseline ( it was Washington DC )--- and this is what you can exclude . so if I  take the whole 242 K as you gross shown  an d then exclude  the foreign earned income exclusion amount -- as I had done before , and then take an additional 70K 0t housing ( assuming that is  diff between baseline  and actual amount,  then yes  your tax may go down quite a bit more than the 38K that I computed earlier.  So Turbo may be correct  at 19K but it looks  too low to me. The methodology is the same as describedabove-- I just cannot try out with a real program because I am out of the country