A couple were told they faced a $200,000 (£146,500) medical bill when their baby was born prematurely in the US, despite them having travel insurance which covered her pregnancy.
A couple were told they faced a $200,000 (£146,500) medical bill when their baby was born prematurely in the US, despite them having travel insurance which covered her pregnancy.
As long as they spend at least 330 days per 12 month period in non-US countries, they can deduct 130K/y via FEIE, and it adjusts with inflation.
Hope they don’t get a job that keeps them in international waters tho.
That’s in addition to a deduction of taxes they pay in their country.