A person who qualifies for the foreign earned income exclusion can exclude $16,624 of paid housing costs from income.

Question

Quizplus · Accepted Answer

The foreign earned income exclusion allows qualifying individuals to exclude a certain amount of foreign earned income and housing costs from U.S. taxation, but the specific exclusion amount for housing costs is not fixed at $16,624 and can vary based on location and other factors.

A Person Who Qualifies for the Foreign Earned Income Exclusion