turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mikhasan
New Member

Foreign tax credit or foreign earned income exclusion?

If an American lives and works in Japan as a permanent resident and earns 60,000USD/year from a single source, are they better off claiming the foreign tax credit or the foreign earned income exclusion and why? (Assuming they do not have any other income or dependents.)

3 Replies

Foreign tax credit or foreign earned income exclusion?

foreign earned income exclusion

mikhasan
New Member

Foreign tax credit or foreign earned income exclusion?

@Critter-3 

Thanks. Can you provide insight into the logic?

Foreign tax credit or foreign earned income exclusion?

Seriously ???  

 

foreign tax credit  ... may pay some taxes

 

foreign earned income exclusion  ... will pay NO taxes

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies