Author Topic: FAQ - What is the foreign earned income exclusion?  (Read 844 times)

randypark

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FAQ - What is the foreign earned income exclusion?
« on: June 14, 2016, 06:33:30 PM »
If you are a U.S. citizen or a resident alien who lives abroad, your worldwide income is subject to U.S. taxation. However, the IRS allows the Foreign Earned Income and Foreign Housing Exclusions and the Foreign Housing Deduction if

    You have been outside the U.S. for 330 days and
    Your foreign earnings is less than $100,800*

*Earnings exceeding $100,800 can still take advantage of the Foreign Earned Income Exclusion for $100,800 of the entire gross earnings, Find more @ http://locustax.com/