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Q3.Foreign Earned Income Exclusion and Foreign Housing Exclusion
The foreign housing exclusion is subject to limitations. In general, taxpayers cannot consider housing expenses in excess of
1. 30% of the maximum foreign earned income exclusion (may vary by location)
2. 25% of the maximum foreign earned income exclusion (may vary by location)
3. 70% of the maximum foreign earned income exclusion (may vary by location)
4. 75% of the maximum foreign earned income exclusion (may vary by location)
answer
30% of the maximum foreign earned income exclusion (may vary by location)
explanation
For purposes of determining the foreign housing exclusion or deduction, a taxpayer cannot consider housing expenses that exceed a certain limit. The limit on housing expenses is generally 30% of the maximum foreign earned income exclusion, but it may vary depending upon the location in which you incur housing expenses.
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By Hiroyuki SaitoThe foreign housing exclusion is subject to limitations. In general, taxpayers cannot consider housing expenses in excess of
1. 30% of the maximum foreign earned income exclusion (may vary by location)
2. 25% of the maximum foreign earned income exclusion (may vary by location)
3. 70% of the maximum foreign earned income exclusion (may vary by location)
4. 75% of the maximum foreign earned income exclusion (may vary by location)
answer
30% of the maximum foreign earned income exclusion (may vary by location)
explanation
For purposes of determining the foreign housing exclusion or deduction, a taxpayer cannot consider housing expenses that exceed a certain limit. The limit on housing expenses is generally 30% of the maximum foreign earned income exclusion, but it may vary depending upon the location in which you incur housing expenses.