For many, filing tax US returns is an unpleasant and complicated task under the best of circumstances. To help sort through the confusion, The Local has compiled a list of some common tax questions asked by US expat readers. Q: Should I file using the Foreign Earned Income Exclusion or the Foreign Tax Credit? A: If you have children living at home you should consider using the Foreign Tax Credit (FTC), which allows you to claim the child tax credit ($1,000 per child). Click here to register with TFX for expert tax advice for US expats.
Source: The Local March 06, 2017 15:00 UTC