It Really is a No-Cost and Culturally Rewarding Way to Travel

When we returned home after our 3+ month stay in England I asked myself why I had waited until I was thirty-five to first attempt something like this. My accounting of income and expenses, completed for tax purposes the following April, showed that this English adventure cost a grand total of $1,500 in out-of-pocket expenses, about $3,800 in today’s dollars.  Our stay in London had been a break-even proposition, perhaps even generating a small surplus, due to my Imperial College living allowance, summer paycheck from Macalester, and rental income from our home in the US. The extra costs were due to family jaunts to Scotland, Paris, and the Lakes District. We could only marvel at how many things we had seen and how well we had lived at a cost that probably would not cover a two-week family stay at an upscale Caribbean resort.

Making it even more lucrative was my discovery, on the night of April 14, of the “Temporary Job Away From Home” tax deduction—an IRS fine point of which I had been completely unaware. If you work away from home for less than one year with the expectation of returning upon completion of the assignment—the very definition of a working vacation—you can deduct the cost of airline tickets, housing, and a per diem for meals and incidental expenses (M&IE). This can lead to a huge deduction with the potential to offset much of your working vacation income and a significant chunk of regular salary as well.  (However, I am not a CPA so check with your tax preparer or a good tax manual.  I don’t think the IRS will accept the argument “But Schneider said . . .”)   For example, the current M&IE per diem rate for London, set by the U.S. State Department, is $148/day. If you were to work for an identical 105-day period this would result in a tax deduction of $15,540–a great way to live and work overseas with not only your host country but also Uncle Sam picking up a portion of the tab.

The Campus of Imperial College, London Where I Worked for Three Months in the Summer of 1980

Not only was the trip a financial success, it was a professional and cultural success as well.  I initiated scholarly activities that resulted in two publications and just as my wife said—and how I hate it when she is right—they helped me achieve tenure. We had the opportunity to live in and be part of an international culture and to make overseas friends with whom we are still in contact today.  My children had the chance to meet and play with British children raised in far different circumstances and, although they are now 37 and 40, they still fondly remember their first overseas summer.

All my imagined doubts and problems were just that–totally imagined.  Not a single one of my deep-seated worries came to pass and none of my irrational arguments for foregoing this trip were valid.  I could think of nothing I would have changed over the course of those three months except, perhaps, to host a bit fewer house guests.

2 responses to “It Really is a No-Cost and Culturally Rewarding Way to Travel

  1. What a wonderful experience–2.5 years in Tokyo. Our kids are so grateful that they had the chance to live in places like England, Israel, and Australia as it also gave them a vastly different perspective on the world. I hope you will be able to do the same thing with your own children.

  2. I’d like to second the sentiment that overseas living experiences can be good for kids. My family lived in Tokyo for 2.5 years when I was a kid and it was an enriching experience for my sister and I. When we came back to the States and went to school, we had a different perspective on things than our classmates.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s