From what I understand, claiming FEIE is not possible for residents of California, Hawaii, Pennsylvania, Massachusetts, Alabama, and New Jersey, unless they first move to another state and maintain their residency there for a minimum amount of time, or renounce their U.S. citizenship completely. Sorry, guys! Hopefully other states do not decide to follow suit. :D In the meantime, I'll aim to cover as much ground as I possibly can here. Let me know what y'all want me to explore more of in the comments. XOXO
As promised, Form 2555: https://www.irs.gov/forms-pubs/about-form-2555
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Time stamps:
00:00 Intro to the Foreign Earned Income Exclusion
00:44 Disclaimer
01:25 "How do I qualify for the Foreign Earned Income Exclusion?"
02:43 "Does the U.S. government know that I'm not in the country, or do I have to let them know?"
03:30 "What if I'm self-employed?"
04:16 "If I have federal student loans, are they exempted if I live in a foreign country?"
05:00 "If I'm getting paid by a U.S. company and the money is going into a U.S. bank account, is this income still deductible under the FEIE?"
06:08 "What if my employer is the U.S. government?"
07:16 Summary
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