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Foreign Earned Income Exclusion

If the taxpayer claimed the foreign earned income exclusion, housing exclusion, or housing deduction on Form 2555 or 2555-EZ, he must figure his tax using the Foreign Earned Income Tax Worksheet.


If the taxpayer does not claim the foreign housing exclusion but otherwise qualifies, he can claim the foreign earned income exclusion using Form 2555-EZ.


The maximum foreign earned income exclusion for the tax year 2019 is $105,900, increased from $103,900 for the tax year 2018 to offset inflation.  The maximum amount of foreign housing expenses allowed for 2019 is $31,770 ($105,900 x 0.30).

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Cathy Fisher

Common Cents Bookkeeping and Tax Preparation

Serving Henderson, NC, Buncombe County, Polk County, Transylvania County

E: cathy@commoncentsqbo.com

P: 828-595-2835

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