Author Topic: Am I Eligible for the FEIE for 2017?  (Read 3655 times)

Slowtraveler

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Am I Eligible for the FEIE for 2017?
« on: July 12, 2018, 05:35:26 PM »
This is the place that inspired me to move abroad in the first place so I wanted to ask something as a fascinating new realization struck me.

I just realized I may be eligible for the FEIE since we get to decide our dates based on the tax year ending on October 15. I left the states on September 21st, 2017 and haven't spent a day in the states since then. I took the FTC on some investment income but I believe this won't affect anything. By September 2018, I will have been abroad for over 330 days and the 2017 tax year will still be fileable. Does this make it so I can claim the FEIE for 2017?

Slowtraveler

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Re: Am I Eligible for the FEIE for 2017?
« Reply #1 on: July 13, 2018, 02:41:28 AM »
Figured out that I am eligible but only on a prorated amount. Now to figure out if prorated means prorated of the tax brackets or if I only get to use the smallest brackets.

gocurrycracker

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Re: Am I Eligible for the FEIE for 2017?
« Reply #2 on: July 13, 2018, 03:18:38 AM »
Prorated means by date. All income earn d before 9/21/17 is US earned income and taxed accordingly. If you have earned income in the following quarter then it can be excluded.

The Excluded income effectively fills up the lower brackets first / non-excluded income is taxed as if the FEIE didn?t exist