I am living overseas and can't claim my income for tax free, but still have to file for student loans. What do I do?

[spletzerk]

For first two years in India are tax free and won't get a W2 from my job. I have to for income base on my student loan fill out tax return, due to I paid on my loan and have interest I can take off, also have a auto I have to claim on taxes as well. How would I go about filing my taxes?

[KarenJ · Accepted solution]

If you are a US citizen or green card holder, you need to file a US tax return annually no matter where you live and declare your worldwide income.  If you worked in India, you will have to declare your Indian wages earned in calendar year 2019 on your US return.  The US allows a foreign earned income exclusion whereby you can exclude up to $105,900 of foreign earned income in 2019.  TurboTax can help you with this.

You will need to calculate your foreign earned income for the 2019 calendar year and use the 201 annual exchange rate to convert to USD before entering your wages into Turbotax (If you have been paid in INR).

[Edited 03.08.20 | 1:03 pm]