Episode 81: TMBA 081 (TTR2) – Huge Tax Breaks for Expats (Plus the 3 Biggest Tax Mistakes Expats & Travelers Make)

This episode is primarily focused on tax strategies for Americans. My friends David and Carrie McKeegan were kind enough to host a pool party the other day, so I decided to bring along my mic to learn a little bit more about expat tax tricks. They run a very successful expat tax consultancy called GreenbackTaxServices.com. It’s a fantastic example of a scalable “micro-multiational” lifestyle business. It’s enabled David and Carrie to travel as the please and live in some amazing places.

David said something that caught my attention the other day. He said if you are an American traveler or an expat, the single most profound financial decision you can make is to qualify for the earned income exclusion. His caveat was “if you make under 500,000K annually in personal income.” That’s, ahem, most of us…