Regarding tax equalization payments, U.S. citizens living overseas can exclude up to $50,000 of income earned abroad.

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Regarding tax-equalization payments, U.S. citizens living overseas were able to exclude up to $92,900 of gross income earned abroad in 2009 but the IRS adjusts the exclusion amount yearly for inflation. Also, credits against U.S. income taxes are given for a portion of the foreign income taxes paid by U.S. expatriates beyond the $92,900 level.

Regarding Tax Equalization Payments, U