this post was submitted on 25 Nov 2023
1 points (100.0% liked)

Digital Nomads

14 readers
1 users here now

founded 10 months ago
MODERATORS
communick@expats.zone
1
FEIE and 401k contributions (making under $112k a year) (alien.top)
submitted 10 months ago by Wrong-Rutabaga2360@alien.top to c/digitalnomad@expats.zone
2 comments fedilink hide all child comments
 

If I’m filing FEIE but have been contributing to my 401k all year, is it still possible to claim FEIE? Would I just need to subtract the 401k contribs from my excluded income?

Also do most of you guys doing this forego 401k contribs entirely? I’ve heard this is the best strategy (for next time)

Thanks!

you are viewing a single comment's thread
view the rest of the comments
[–] zrgardne@alien.top 1 points 10 months ago

Question to ask would be can your make Roth contributions. If you are earning less than $120k your income tax is going to be zero. So making Roth and paying all the tax today and none when retired would be ideal.