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Taxes for those who live abroad with US Earned Income?


Do people who live abroad for the entire year qualify for any deductions or exemptions if all their income is earned from a US company for services performed via telecommuting/online-work and still claim US Citizenship?

Yes there is a foreign earned income exlusion. See the following publications that can be found at www.irs.gov.

Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad
Publication 514, Foreign Tax Credit for Individuals
Form 2555 (PDF), Foreign Earned Income
Form 2555EZ (PDF), Foreign Earned Income Exclusion
Form 1116 (PDF), Foreign Tax Credit
Tax Topic 853, Foreign Earned Income Exclusion - General
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