JUNGLE TAX
Free Tool

FEIE vs Foreign Tax Credit Calculator

Compare the Foreign Earned Income Exclusion against the Foreign Tax Credit side-by-side. Find out which method saves you more — instantly.

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FEIE limit for 2024: $126,500

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Side-by-Side Comparison — 2024

FEIE Method
No relief (gross US tax)$16,041
FEIE excluded$100,000
Taxable income$0
Net US tax owed$0
FTC Method
Winner
US tax before credit$16,041
FTC applied$16,041
Excess credit (carry forward)$11,959
Net US tax owed$0
Winner
FTC
Annual saving
$0
FTC net tax
$0

Both methods result in $0 US tax owed. For UK residents, FTC is generally preferred to preserve flexibility, as FEIE elections have a 5-year revocation restriction.

Disclaimer: This calculator provides simplified estimates for educational purposes only. Actual tax liability depends on many individual factors including income type, treaty positions, SE tax, AMT, and state tax. Consult a qualified US expat tax adviser before making any decisions, especially before making or revoking an FEIE election.

Frequently Asked Questions

FEIE vs FTC — what every US expat needs to know.

Not sure which method is right for you?

Our US/UK dual-qualified tax specialists will analyse your specific situation and implement the optimal strategy — typically resulting in $0 US tax owed for UK residents.

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