What tax deductions can I claim as an expat?

What tax deductions can I claim as an expat?

As an expat, you may be eligible for deductions like foreign earned income exclusion, housing deductions, and certain business expenses.

How do I qualify for the foreign earned income exclusion?

To qualify, you must meet either the bona fide residence test or the physical presence test, which involves living abroad for a specific period.

Are there any specific forms I need to fill out?

Yes, you'll need to file Form 2555 to claim the foreign earned income exclusion and possibly Form 1116 for foreign tax credits.

What if I have income from multiple countries?

You may need to report all your income on your U.S. tax return, but you can often claim credits or deductions for taxes paid to other countries.

Can you help me find a tax professional who specializes in expat taxes?

I can suggest looking for tax professionals through organizations like the American Institute of CPAs or Expat Tax Professionals.