Foreign Earned Income Exclusion

URI: https://gptkb.org/entity/Foreign_Earned_Income_Exclusion

GPTKB entity

Statements (46)

Predicate	Object
gptkbp:instanceOf	tax exclusion
gptkbp:administeredBy	gptkb:Internal_Revenue_Service
gptkbp:annualAdjustment	indexed for inflation
gptkbp:appliesTo	wages U.S. citizens U.S. resident aliens salaries foreign earned income other compensation for personal services professional fees
gptkbp:benefit	reduces taxable income
gptkbp:claimDeadline	tax return due date
gptkbp:compatibleWith	federal employees dividends passive income capital gains interest income rental income contractors with U.S. government military employees pension income
gptkbp:dateEnacted	1926
gptkbp:doesNotExclude	self-employment tax
gptkbp:excludes	income earned in the U.S.
gptkbp:filingMethod	U.S. tax return
https://www.w3.org/2000/01/rdf-schema#label	Foreign Earned Income Exclusion
gptkbp:IRSPublication	gptkb:Publication_54
gptkbp:jurisdiction	gptkb:United_States
gptkbp:legalBasis	gptkb:Internal_Revenue_Code_Section_911
gptkbp:maximumExclusionAmount	$112,000 (2022) $120,000 (2023)
gptkbp:purpose	reduce double taxation
gptkbp:relatedTo	gptkb:Foreign_Housing_Deduction gptkb:Foreign_Housing_Exclusion
gptkbp:repealedBy	yes
gptkbp:requires	gptkb:bona_fide_residence_test gptkb:physical_presence_test gptkb:Form_2555 tax home in a foreign country
gptkbp:revocationPeriod	5 years
gptkbp:taxStatus	Form 2555-EZ (discontinued after 2018)
gptkbp:updated	gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:website	https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion
gptkbp:bfsParent	gptkb:U.S._expatriates gptkb:IRS_Form_2555
gptkbp:bfsLayer	5