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Income Tax Planning
Chapter 5: Gross Income from Employment/FOREIGN HOUSING COSTS EXCLUSION
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 5: Gross Income from Employment

FOREIGN HOUSING COSTS EXCLUSION

01.Core Concepts

• Applies to housing costs considered to be paid by an employer • Amount = total housing expenses less a base amount (16% of maximum annual exclusion) • Cannot exceed 30% of maximum foreign earned income • Reduces the foreign earned income exclusion by a like amount