Richard Garcia on Instagram: "Right from the IRS: If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation ($107,600 for 2020, $108,700 for 2021, $112,000 for 2022, and $120,000 for 2023). In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer on their premises and for their convenience. So for everyone living in the US and paying taxes on earnings up to $120k… don’t you get it? The government always rewards the rich and the educated. You could be saving 20-30% of yo
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