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.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.
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.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?
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.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....
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?