https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion I'm wondering if I qualify for this or if there's anything I can do to qualify. I work as a W-2 employee for a trading firm, but I don't have a salary. It's all based on percentage of trading profits. I plan to spend less than 35 days in the United States next year, so 330+ fully abroad. However, I'm not planning to base myself in any single country. I basically plan to just travel the world. Can I qualify or am I stuck paying federal income tax to the IRS? Thanks.
https://www.greenbacktaxservices.com/knowledge-center/tips-updates-foreign-earned-income-exclusion/ So, it seems to hinge on whether the IRS would consider you having a tax home in a foreign country without an address in the U.S. If the answer is yes, you probably can exclude the 2024 foreign earned income exclusion ($126,500) from being taxed. But if the answer is no and you still try to use it, you might be yet another presidential candidate with tax issues.
Very difficult to consider yourself a US citizen with no permanent residence in the US and no physical presence of at least 180 days in any one country, even if that's true. It's easier to claim the deduction if you are anchored somewhere and can claim residency (that's what I do).