this post was submitted on 25 Nov 2023
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FEIE and 401k contributions (making under $112k a year) (alien.top)
submitted 11 months ago by Wrong-Rutabaga2360@alien.top to c/digitalnomad@expats.zone
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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!

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[–] zrgardne@alien.top 1 points 11 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.

[–] Mr-Canadian-Man@alien.top 1 points 11 months ago

My CPA said I can not make Roth IRA contributions since when taking the FEIE I do not have any taxable income.

Not sure about the 401k but may be worth asking a professional