Foreign Earned Income Exclusion

The Foreign Earned Income Exclusion (FEIE) is a provision of the U.S. tax code that allows taxpayers who meet certain requirements to exclude a portion of their foreign earned income from U.S. taxation. The FEIE is available to U.S. citizens and resident aliens who are physically present in a foreign country for at least 330 days during a 12-month period. The amount of income that can be excluded is based on the taxpayer's tax filing status and the number of days they are physically present in a foreign country.

The FEIE is a valuable tax break for U.S. citizens and resident aliens who work abroad. It can help to reduce the amount of taxes that they owe to the U.S. government. However, it is important to note that the FEIE is not available to all taxpayers. In order to qualify for the exclusion, taxpayers must meet certain requirements, such as being physically present in a foreign country for at least 330 days during a 12-month period.

The FEIE is a complex tax provision, and there are a number of rules and regulations that taxpayers must be aware of in order to qualify for the exclusion. If you are a U.S. citizen or resident alien who works abroad, it is important to speak to a tax advisor to determine if you qualify for the FEIE and to help you calculate the amount of income that you can exclude from your U.S. taxes.

Here are some additional details about the FEIE:

* The FEIE is available to U.S. citizens and resident aliens who are physically present in a foreign country for at least 330 days during a 12-month period.
* The amount of income that can be excluded is based on the taxpayer's tax filing status and the number of days they are physically present in a foreign country.
* The FEIE is not available to taxpayers who are considered to be U.S. residents for tax purposes, even if they live and work abroad.
* Taxpayers who claim the FEIE may also be eligible for the Foreign Tax Credit, which can be used to offset taxes paid to foreign governments.

If you have any questions about the FEIE, please consult with a tax advisor.