In this video I talk about why I chose Ecuador as my target for living abroad from a tax savings view.
There are many reasons detailed in You Tube channels that tell us how wonderful Ecuador is, but I am focused on the financial benefits.
Link to Article I reference (From an actual Lawyer, not random youtube dude)
Tax Article – https://cuencahighlife.com/taxes-in-ecuador-how-they-apply-or-not-to-foreigners-living-here/
Other Links:
IRS Foreign Earned Income – https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-what-is-foreign-earned-income
IRS Interactive worksheet – https://www.irs.gov/help/ita/can-i-exclude-income-earned-in-a-foreign-country
Housing Deduction – https://www.irs.gov/individuals/international-taxpayers/foreign-housing-exclusion-or-deduction
Bona fide residence – https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-bona-fide-residence-test
Tax People I have heard of, not used (yet) https://www.greenbacktaxservices.com/
2022 City Max Housing List https://www.irs.gov/irb/2022-10_IRB