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US expats can deduct $97,600 of foreign income from their 2013 US tax return with the Foreign Earned Income Exclusion if they qualify as an official expat. (This amount jumps to $99,200 in 2014.) To qualify as a US expat, you must pass one of two determining residency tests: The Physical Presence test (PPT) or the Bona Fide Residence test (BFR). With the PPT, you must be outside the US for 330 of any 365-day period and earn foreign income. (Read Full Tip)
Expats in Costa Rica have three main ways to make money legally -- you can obtain permanent residency, find an online job or start your own business. Bill Ripley covers each of these options and offers great tips for expats looking to make money while living in Costa Rica. (Read Article)