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.)
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foreign earned income exclusion
Thanks. Can you provide insight into the logic?
Seriously ???
foreign tax credit ... may pay some taxes
foreign earned income exclusion ... will pay NO taxes
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