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Can I contribute to my IRA while overseas?

There are various requirements for contributions to IRA plans. In general, the taxpayer will need to have taxable compensation that is not excluded under the Foreign Earned Income Exclusion. If all of your income is excluded, your contribution may be deemed an excess contribution.

 

All About Randall Brody
Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.

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