If you meet certain requirements, you may qualify for the foreign
earned income and foreign housing exclusions and the foreign housing
deduction.
If you are a U.S. citizen or a resident alien of the United States
and you live abroad, you are taxed on your worldwide income. However,
you may qualify to exclude from income up to $78,000 of your foreign
earnings. In addition, you can exclude or deduct certain foreign
housing amounts. See Foreign Earned Income Exclusion and
Foreign Housing Exclusion and Deduction, later.
You may also be entitled to exclude from income the value of meals
and lodging provided to you by your employer. See Exclusion of
Meals and Lodging, later.
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