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.

Resources

See Also

Further Reading

• Foreign Earned Income Exclusion in the West's Tax Law Dictionary
• Foreign Earned Income Exclusion in “A Dictionary of Taxation”