Is housing allowance part of the 87500 credit?

Sunking

Well-known member
Joined
Feb 11, 2003
Posts
110
Total Time
15,000
For all you USA expats, I was wondering if the housing and transportation allowanced part of the tax credit of 87,500 or is this just pertain to salary?
 

typhoonpilot

Daddy
Joined
Feb 24, 2002
Posts
1,381
Total Time
17000+
There is a housing exlcusion as well, which is on top of the foreign earned income exclusion. Read the pertinent IRS document for further details. FWIW Turbotax takes care of it for you and makes filing quiite easy.


TP
 

Sunking

Well-known member
Joined
Feb 11, 2003
Posts
110
Total Time
15,000
There is a housing exlcusion as well, which is on top of the foreign earned income exclusion. Read the pertinent IRS document for further details. FWIW Turbotax takes care of it for you and makes filing quiite easy.


TP
I like the Turbotax, been using it for years. Thanks for answering all my mundane questions, Im trying to weigh everything out before I make the plunge to the ME. So many people on these board are here to be cocky and sarcastic. You indeed brother are a true professional and I commend you for it. You make it easier for people like me.
 

fareview

Well-known member
Joined
Dec 21, 2005
Posts
444
Total Time
10k+
For all you USA expats, I was wondering if the housing and transportation allowanced part of the tax credit of 87,500 or is this just pertain to salary?
look at the IRS istruction form '2555'. Its all there including the housing exclusion with specific daily amounts for the cities of Dubai and Abu Dhabi.

fv
 

tzskipper

Well-known member
Joined
Jun 12, 2004
Posts
284
Total Time
10,000
Can anyone give a ballpark estimate of what good housing for a family of four would cost in Dubai? To be more specific, 3-4 bedroom place in a nice area (for wife and teenage daughters). I have read all that I could find on PPrune, etc, but I am still unsure as to what the real costs would be.

Thanks in advance....

Skipper
 

Sunking

Well-known member
Joined
Feb 11, 2003
Posts
110
Total Time
15,000
Can anyone give a ballpark estimate of what good housing for a family of four would cost in Dubai? To be more specific, 3-4 bedroom place in a nice area (for wife and teenage daughters). I have read all that I could find on PPrune, etc, but I am still unsure as to what the real costs would be.

Thanks in advance....

Skipper
I have found www.dubizzle.com to be an excellent source of what is being offered. You can put in specs that you desire as far as rooms and such. A four bedroom villa will cost 300-350k dhs a year. Most places want that 12 months rent up front. A three bedroom will cost 180-200k dhs a year. Check it out you'll enjoy the website, its basically the online classified adds.
Sunking.
 

typhoonpilot

Daddy
Joined
Feb 24, 2002
Posts
1,381
Total Time
17000+
For all you USA expats, I was wondering if the housing and transportation allowanced part of the tax credit of 87,500 or is this just pertain to salary?

Here is a good link for some further info on the original question. Note that Dubai is one of the mentioned "high cost" areas with higher housing exclusion.


Typhoonpilot
 
Top