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Many who live outside of the U.S. for more than a year qualify for the Foreign Earned Income Exclusion; this greatly reduces the amount of tax that needs to be paid for many people. You may qualify. In 20192022, an eligible foreign worker can exclude up to $105$112,900 of 000 of income from federal income taxes. Read about the Foreign Earned Income Exclusion and speak with your tax advisor for more details. Be sure to submit an accurate W-4 form to Reliant to avoid having too much federal income taxes withheld from each paycheck and receiving a large income tax refund when living on a needs-based salary.
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