If you are a U.S. citizen or a resident alien of the United States and you
live abroad, you are taxed on your worldwide income. However, you may qualify
to exclude from income up to an amount of your foreign earnings that is
adjusted annually for inflation ($100,800 for 2015). In addition, you can exclude
or deduct certain foreign housing amounts. You may also be entitled to exclude
from income the value of meals and lodging provided to you by your employer.
To claim the foreign earned income exclusion, the foreign housing exclusion,
or the foreign housing deduction, you must have foreign earned income, your tax
home must be in a foreign country, and you must be one of the following:
- A U.S.
citizen who is a bona fide resident of a foreign country or countries for
an uninterrupted period that includes an entire tax year,
- A U.S.
resident alien who is a citizen or national of a country with which the
United States has an income tax treaty in effect and who is a bona fide
resident of a foreign country or countries for an uninterrupted period
that includes an entire tax year, or
- A U.S.
citizen or a U.S. resident alien who is physically present in a foreign
country or countries for at least 330 full days during any period of 12
consecutive months.
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Yes
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