Foreign Earned Income Exclusion

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Foreign Earned Income Exclusion

Foreign Earned Income Exclusion means:
an allowed exclusion of up to $70,000 of foreign earned income by a qualifying person working abroad for at least 330 full days out of any period of 12 consecutive months. The person must have a tax home in a foreign country and meet either a bona fide residence test or a physical presence test. Former IRC (check if this IRC provision is current here) §911(a)(1).

Description and Definition of Foreign Earned Income Exclusion

Up to $72,000 of foreign earned income is exempt from tax if a foreign residence or physical presence test is met.

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Further Reading

Related Entries in the American Tax Encyclopedia:

  1. Foreign Residence Test
  2. Foreign Housing Expenses
  3. Physical Presence Test
  4. Bona Fide Foreign Resident
  5. Substantial Presence Test
  6. Foreign Income
  7. Foreign-source Income
  8. Earned Income Tax Credit
  9. Foreign Country
  10. Foreign Investment
  11. Foreign Tax Credit
  12. Foreign Personal Holding Company Income Income
  13. Exchange Visitor
  14. Foreign Sales Corporation
  15. Advanced Earned Income Credit
  16. Resident Alien
  17. Earned Income
  18. Bona Fide
  19. Repatriation
  20. Foreign Expropriation Capital Loss
  21. Excess Housing Expenses
  22. Creditable Foreign Tax
  23. Personal Injury Exclusion
  24. Boycott-related Income
  25. Foreign Tax Deduction

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