Excess Housing Expenses

Excess Housing Expenses means:
an exclusion available to a person living outside the United States. It is equal to the excess of the reasonable cost of providing housing for a taxpayer and his or her family over an amount equal to 16% of the salary of a federal employee of grade level GS-14, step 1, multiplied by a fraction, the numerator of which is the number of qualifying days of residence (or physical presence), and the denominator the number of days in the tax year. Former IRC (check if this IRC provision is current here) §911(c)(1).