As a Bona Fide resident he will qualify for the Foreign Tax Credit, Foreign Housing Credit and the Foreign Earned Income Exclusion. Conclusion: Whether or not you qualify as a Bona Fide Resident will dramatically affect your taxes as a US expat. The credits and exclusions that coincide with...
As we’re nearing the end of a calendar year, we’re at an important crossroads of still being able to take advantage of the Saver’s Credit in 2024, while starting to plan ahead for 2025. 2024 Maximum Income Level for the Saver’s Credit The AGI (adjusted gross income) limit to qual...