Dear Dave: About That Foreign Earned Income

Dear Dave,

A few couple of weeks ago you were talking with a young 24-year-old about to leave the military but was considering going back to Afghanistan as a civilian contractor air traffic controller. The question about taxable or non-taxable income came up, and you mentioned that the guy should check with his tax advisor about taxes on foreign earned income.

Dave, when a US citizen earns money in a foreign country, they can exclude the first $104,100 (for 2018) from their US taxes. When we lived overseas (which we did for 20 years as missionaries), we never had to pay taxes on those earnings.  The exclusion is inflation adjusted, so it goes up over time. Continue reading “Dear Dave: About That Foreign Earned Income”

Dear Dave: Why Letters To Dave Ramsey?

Dave Ramsey helps normal people with money

My family has a relationship with you, Dave Ramsey.

No, we don’t know you (at least personally), and you don’t know us (at all). But we know you because I have started talking about you at just about every single meal.

Or vacation.
Or outing.

I don’t require they listen to you.

My wife gets periodic doses of your podcast when she pops into where I’m getting ready to go to work. I don’t force her to listen to you as we drive. She’d probably rebel at that. Continue reading “Dear Dave: Why Letters To Dave Ramsey?”