Helen is a U.S.citizen and CPA,who moved to London,England three years ago to work for a British company.This year,she spent the entire year in London and earned a salary of $110,000.How much of her salary will she be allowed to exclude from gross income in the U.S.?

Question

Quizplus · Accepted Answer

For 2023, the Foreign Earned Income Exclusion allows U.S. citizens living abroad to exclude up to $112,000 of foreign earned income. Helen can exclude $102,100 of her salary from U.S. gross income.

Helen Is a U