Free Calculator · 2024 & 2025 Tax Brackets

FEIE vs Foreign Tax Credit: Which Saves You More?

Enter your income and foreign taxes paid to see a side-by-side comparison of your U.S. tax liability under each strategy. Uses real IRS tax brackets.

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Fill in your details below. The calculator uses real 2024 and 2025 U.S. tax brackets to estimate your liability under each strategy.

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FEIE Strategy
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Foreign Tax Credit Strategy
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This calculator provides estimates for educational purposes using simplified tax bracket calculations. It does not account for the self-employment tax, AMT, additional Medicare tax, state taxes, the housing exclusion, or other factors that may apply. Consult a qualified tax professional before making tax strategy decisions. This is not legal or tax advice.

FEIE vs Foreign Tax Credit: Understanding the Difference

U.S. expats have two main strategies to avoid double taxation on foreign income: the Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit (FTC). They work very differently, and choosing the wrong one can cost you thousands of dollars per year.

How the FEIE Works

The FEIE lets you exclude up to $130,000 (2025) of foreign earned income from your U.S. taxable income. That income simply doesn't appear on your U.S. return. This is powerful when your foreign tax rate is low — you get a big exclusion without needing to have paid foreign tax to offset it.

How the Foreign Tax Credit Works

The FTC gives you a dollar-for-dollar credit against your U.S. tax liability for income taxes you paid to a foreign government. You include all income on your U.S. return, calculate U.S. tax normally, then subtract what you paid abroad (subject to a per-category limit). This works best in high-tax countries where foreign taxes fully cover or exceed your U.S. liability.

Key rule: You cannot use both the FEIE and the FTC on the same income. You can use the FTC on income that exceeds the FEIE limit, but you must be careful about how the stacking rules work.

Side-by-Side Comparison

Factor FEIE Foreign Tax Credit
Best forLow- or zero-tax countriesHigh-tax countries (e.g., UK, Germany)
How it worksExcludes income from U.S. returnCredits foreign taxes paid against U.S. tax
2025 limit$130,000 per personLimited to U.S. tax on foreign income
Form requiredForm 2555Form 1116
Effect on IRA contributionsReduces eligible earned income (may limit IRA contributions)No effect on earned income definition
Self-employment taxDoes not reduce SE taxDoes not reduce SE tax
CarryforwardNo carryforwardExcess credits carry forward 10 years
Revocation penalty5-year wait to re-elect if revokedNo election restriction
Once-in-five-years rule: If you elect the FEIE and later revoke it, you cannot re-elect the FEIE for 5 years without IRS permission. Think carefully before switching strategies — and run the numbers before you file each year.

The "Stacking" Issue with FEIE

One non-obvious downside of the FEIE is the stacking rule. When you exclude income using the FEIE, your remaining income is still taxed — but it's taxed as if you had no exclusion. That means your remaining income gets pushed into higher tax brackets than it would be otherwise.

For example: If you have $160,000 of foreign income and use the FEIE to exclude $130,000, the remaining $30,000 is taxed at the rates that would have applied if $130,000 were at the bottom of your bracket — not at the lowest marginal rates.

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