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Investments glossary

Foreign Earned Income Exclusion

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Quotes of the day:

Not all treasure is silver and gold, mate.

— Johnny Depp, Pirates of the Caribbean

The foreign earned income exclusion prevents double taxation by excluding the income from U.S, taxation. The United States will tax your income earned worldwide. However, if you are an American expat, this means you are taxed twice on this income. The income you receive overseas, sees the foreign country tax, and can be taxed again by the IRS.



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