What I Need to Claim the Foreign Income Exclusion or Deduction

You must have

1. Foreign earned income
2.  tax home in a foreign country

You must be an

1. U.S. Citizen or U.S. resident alien
2. Bona fide resident in a country for an uninterrupted period that includes an entire tax year or
3. Physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.

What you are entitled to

1. Maximum foreign income exclusion for a qualified person is $91,500 or $183,000 for a qualified married couple.
2. Qualified foreign housing deduction is generally limited to 30% of the maximum foreign income exclusion, $27,450. depending on the
   1. Foreign tax home
   2. No. of qualifying days.
3. Foreign income exclusion applies only to employees.
4. Foreign housing deduction applies only to the self-employed.