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Old 05-12-2011, 07:06 AM  
wig
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Join Date: Feb 2002
Location: Panama
Posts: 708
Quote:
Originally Posted by TheDoc View Post
I did forget about the foreign credit.. If you're a single person or an older retired couple, 90k a year or less, is a good deal of money. But that would mean we are taking a pay cut, prob me not working at all, the gain in tax benefits wouldn't out weight the loss in income, until one us is ready to relax work wise.

One of these days we'll head out, as long as it's to a warm place this time!
No, it just means that you would have to pay taxes on the amount earned over $91,500.

And this is earned income, not passive income, capital gains, etc. These earning do not qualify for the FEITC.
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