U.S. citizens and resident aliens working abroad may qualify for the foreign-earned income exclusion of $107,600 in 2020.

Question

Quizplus · Accepted Answer

This is true. As of 2020, U.S. citizens and resident aliens who work abroad may qualify for the foreign-earned income exclusion of up to $107,600, which means that they do not have to pay U.S. taxes on that portion of their income earned outside of the U.S.

US Citizens and Resident Aliens Working Abroad May Qualify for the Foreign-Earned