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5 tax breaks you can't get anywhere but the US

5 tax breaks you can't get anywhere but the US
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Some tax deductions and tax credits for businesses and individuals are unique to the United States tax code.




The Foreign Earned Income Exclusion, for example, allows expats to avoid paying US taxes on income earned in the country where they live and work.




New under the Tax Cuts and Jobs Act is the Qualified Business Income deduction for corporations that earn income from customers outside the US.



The United States has an undeniably complicated tax system.
Despite President Trump's passage of the Tax Cuts and Jobs Act, the most significant overhaul of the US tax code in decades, the Tax Foundation ranked the US 24th on its 2018 International Tax Competitiveness ranking — only five spots ahead of its 2017 rank.
The Tax Foundation considers dozens of metrics, from corporate and individual tax rates to how taxes are structured, to determine which countries have the most competitive and neutral tax system.
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