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Foreign earned income exclusion example Form: What You Should Know

A foreign earned income exclusion is one of three special tax benefits, or credits, intended for U.S. individuals who are residents of foreign countries who, for tax year 2019, intend to return to the U.S.... U.S. Taxation of Citizens and Residents Abroad, Frequently Asked Questions Foreign Earned Income Exclusion — IRS Feb 1, 2023 — Example. You qualified as a bona fide resident of a foreign country for 2019, 2023 and 2021. You report your income on the cash basis. In  Foreign Earned Income Exclusion | Internal Revenue Service However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation (105,900 for 2019, 107,600 for  Foreign Earned Income Exclusion for U.S. Expats | H&R Block The foreign earned income exclusion can help reduce or eliminate U.S.

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