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Enter the result. If the result is zero or -4- Form 1040 line 43 if less than zero enter -0-. If you did not complete either 2013 worksheet and you filed a 2013 Form 2555 or Form 2555-EZ enter the amount from line 3 of the Foreign Earned Income Tax Worksheet in the 2013 Form 1040 your capital gain excess not used in 1. If for 2013 you claimed the foreign earned income exclusion housing exclusion or housing deduction on Form 2555 or Form 2555-EZ y.

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Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during a 12-month period including some part of the year at issue. You can count days you spent abroad for any reason, so long as your tax home is in a foreign country.

The foreign housing exclusion and foreign housing deduction are tools that allow U.S. taxpayers living abroad to exclude or deduct the cost of rental housing overseas from their gross income on their U.S. tax return. They can also be used in tandem with the Foreign Earned Income Exclusion (FEIE).

The maximum foreign earned income exclusion amount is adjusted annually for inflation. For tax year2021, the maximum foreign earned income exclusion is the lesser of the foreign income earned or $108,700 per qualifying person. For tax year2022, the maximum exclusion is $112,000 per person.

The limitation on housing expenses is generally 30% of the maximum foreign earned income exclusion. For 2021, the housing amount limitation is $32,610. However, the limit will vary depending upon the location of your foreign tax home and the number of qualifying days in the tax year.

In 2022, for most locations, this limit is $33,600 (30% of $112,000) if your qualifying period includes all of 2022 (or $92.05 per day if the number of days in your qualifying period that fall within your 2022 tax year is less than 365).

The maximum foreign-earned income exclusion for the 2022 tax year is $112,000. To qualify for the FEIE, you must pass either the Physical Presence Test or the Bona Fide Residence Test.

See § 911(c)(1). For this purpose, the base housing amount for the taxable year is limited to an amount that is tied to the maximum foreign earned income exclusion amount of the qualified individual, which is $120,000 for 2023. See § 911(c)(1)(B).

However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation ($107,600 for 2020, $108,700 for 2021, $112,000 for 2022, and $120,000 for 2023).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232