Hey Mandy-
thank you for sharing your knowledge here. i know this is an old topic but i just wanted to see if the rules you played by in 2015 still is in effect.
i am a US citizen, about to leave the US to India on a tourist visa. I will likely stay in many other countries throughout the next 2 years or so, all if not most on tourist visa. I am currently employed by an american company as a full time employee, but this will change to independent contracting status as I leave the country.
I am trying to see 2 things here:
- will i qualify for FEIE (foreign earned income exclusion) next year
- do i need to pay self employment tax regardless of whether i qualify for FEIE
ideally, i qualify for FEIE, and i donโt need to pay self employment tax somehow-- then my tax will be close to 0. but even just having FEIE, 15% self employment tax is not terribleโฆ
itโs been several years since this discussion came up, and ive seen in different places about IRS auditors targeting digital nomads and Trump potentially removing the 330 / 365 rule, so i am a bit anxious. last thing i want is to think i owe no tax and have to scramble for a fat tax bill.
sorry for reviving this thread, and thanks for your help!