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Revision as of 22:31, 17 August 2026
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If the $30,000 every 12 months person wouldn't contribute to his IRA, he'd wind up with $850 more in the pocket than if he contributed. But, having contributed, he's got $1,000 more in his IRA and $150, rather than $850, in the pocket. So he's got $300 ($150+$1000 less $850) more to his track record having contributed.
The increased foreign earned income exclusion, increased income tax bracket income levels, and continuation of Bush era lower tax rates are all good news for all your American expats. Tax rules for expats are precisely designed. Get the professional help you really have to file your return correctly and minimize your You.S. tax.
