Foreign Earned income and housing exclusion
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Foreign Earned income and housing exclusion. See attached file for full problem description.
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Solution Summary
The solution gives the current law limits for the foreign earned income exclusion and the housing exclusion. The law changed effective January 1, 2006.
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Melanie could exclude $80,000 plus (24000-11000) $13000 for a total of $93,000. That was true until a law change in May 2006 which is retroactive to 1-1-2006. The calculation is the same but both base amounts have ...
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