How to Use the Foreign Earned Income Exclusion on Your Taxes?
How to Use the Foreign Earned Income Exclusion on Your Taxes?
Expats can use the Foreign Earned Tax Exclusion (FEIE) to exclude foreign income from US taxation. For the 2023 tax year, the maximum exclusion amount under the FEIE is $120,000. To qualify for the FEIE, you must meet the standards of the physical presence test or the bona fide residence test.
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