Foreign Income Tax Estimator

🧾 FEIE & FBAR Estimator (2024)

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Disclaimer: This is an estimate only. US expat taxes are complex. Use this for general awareness and consult a licensed CPA or tax attorney for actual filing.

Annual Foreign Earned Income ($)

Filing Status

Days Outside US (this year)

Total Foreign Bank Account Balance ($)

Foreign Tax Paid ($)

Self-Employed?

Estimated US Tax Liability

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Understanding the Foreign Earned Income Exclusion

US citizens living abroad can exclude up to $126,500 (2024) of foreign earned income from US taxation using Form 2555. To qualify, you must meet either the Bona Fide Residence Test or the Physical Presence Test (330 days outside the US in a 12-month period).

FEIE 2024 limit: $126,500 per person
FBAR threshold: $10,000 at any point during the year triggers FinCEN 114 filing
FATCA threshold: $200,000 single / $400,000 MFJ triggers Form 8938

Understanding the Foreign Earned Income Exclusion

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