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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 14149
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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Is maximum foreign tax exclusion of income 95,100 for joint

Resolved Question:

Is maximum foreign tax exclusion of income 95,100 for joint filers or 190,200 (95,100 for both husband & wife)?
Submitted: 1 year ago.
Category: Tax
Expert:  Megan C replied 1 year ago.

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

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MyVirtualCPA :

The exclusion is per qualifying person...so each person can exclude up to the full amount

MyVirtualCPA :

Here is a link from the IRS. It is a bit outdated, because it lists 2008 exclusion amounts but it does say where married couples can each claim the exclusion

MyVirtualCPA :

http://www.irs.gov/Businesses/Foreign-Earned-Income-Exclusion-1

MyVirtualCPA :

Please let me know if I can be of any further assistance.

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Please take a moment to rate my response "excellent" so that I may receive credit for assisting you today.

Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 14149
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Megan C and 4 other Tax Specialists are ready to help you
Expert:  Megan C replied 1 year ago.
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Expert:  Megan C replied 1 year ago.
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Expert:  Megan C replied 1 year ago.

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Expert:  Megan C replied 1 year ago.
Thanks for allowing me the opportunity to help you. Please let me know if I can be of any further assistance to you in this matter. I really enjoyed working with you – please feel free to request me again when you come back to ask another question. Simply enter "MyVirtualCPA" in the subject of your question Thanks again for being a JustAnswer customer

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