is it 87,600 or if husband and wife both work they can save tax on double that number i plan to go to dubai and save as much tax as possible. how do i do that?How much foreign earned income is tax free for couples with 2 kids?
It's by person.
Note, to get the full $$$, you have to be gone 1/1 to 12/31. If you go 6/1 to 6/1 you still qualify, but the exclusion is prorated and any tax due will make the excluded income the 10% bracket, not the highest bracket....How much foreign earned income is tax free for couples with 2 kids?
None. You're actually subject to tax in the country you earned it in, and the USofA.
Enjoy!
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