Plus, really now, there are many tax advantages when it comes to living abroad! The most notable ones are that if you are out of the country for over 330 days, you’ll get a specific tax exemption known as the Foreign Earned Income Exclusion.
In a nutshell, in case you have a low income, then you’re not going to pay U.S. taxes. The Foreign Income Exclusion usually stops a little over $100,000 USD in earned income for a single U.S. taxpayer.
What’s really nice about this is that you pay 0% on your earnings that are above the amount of the exclusion, and then the money that you earned above will be taxed at a much lower rate.
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