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2. Foreign earned income exclusion - Wikipedia

   en.wikipedia.org/.../Foreign_earned_income_exclusion

   The maximum exclusion is $126,500 for tax year 2024 (future years indexed for inflation). [3] The amount of exclusion that a taxpayer is entitled to is equal to the lesser of foreign earned income for the year or the maximum exclusion, divided by the total number of days (365 or 366) in the year times the number of "qualifying days".

3. Is There a Limit on Foreign Tax Credits? - AOL

   www.aol.com/limit-foreign-tax-credits-135850529.html

   Form 1040 is the official form used to file a federal tax return. ... A taxpayer who earns foreign income fills out Form 1116 to claim the Foreign Tax Credit (FTC).

4. Foreign Tax Credit vs. Deduction: Which Could Get You ... - AOL

   www.aol.com/foreign-tax-credit-vs-deduction...

   This deduction allows you to exclude a certain amount of foreign-earned income from your U.S. taxable income. As of 2023, the maximum exclusion is $120,000 per taxpayer and $240,000 for married ...

5. Do I Need to Report Foreign Income on My Taxes? - AOL

   www.aol.com/required-report-foreign-income-taxes...

   Continue reading → The post How to Report Foreign Income Without a W-2 appeared first on SmartAsset Blog. As a U.S. citizen or legal permanent resident, the IRS is in charge of collecting a cut ...

6. Bona fide resident test - Wikipedia

   en.wikipedia.org/wiki/Bona_fide_resident_test

   The bona fide residence test, like the physical presence test, comprises one way that an individual can qualify for the foreign earned income exclusion from United States income tax. In order to qualify for the bona fide residence test, an individual needs to reside in a foreign country for an uninterrupted period that includes an entire tax year.

7. Foreign housing exclusion - Wikipedia

   en.wikipedia.org/wiki/Foreign_housing_exclusion

   The foreign housing exclusion goes hand-in-hand with the foreign earned income exclusion.According to section 911(a) of the federal tax code, a qualified individual under either the bona fide residence test or the physical presence test will be able to exclude from the gross income the housing amount in a foreign country provided for by the employer.