2024 Tax Benefits for Expats: Foreign Earned Income Exclusion & Foreign Tax Credit | Ask a CPA

[@MrCuevaslg]

If a earned $200 k and paid taxes of $36k can I use the foreign income exclusion for the firs $126.5K and the foreign tax credit for the rest of $73.5K?. The $200k is Foreign Employer Compensation from one company

[@AskaCPA]

Yes, you can take the Foreign Earned Income Exclusion and the foreign tax credit, but not on the same income. So, maximize the exclusion and take the foreign tax credit on the remaining.

[@carlos7371]

If I make 100k I should use feie correct? What about my host country. Phillppines? I would have to pay those taxes right?

[@MdLimon-r1i7q]

Big brother our country in Bangladesh md limon rahman amkey akto help korban ami out income kortey chay ami ake shadaron manoshe jodi akto help kortan tahole amar opkar hoto plze big brother❤