What does foreign housing exclusion mean?
Definitions for foreign housing exclusion
for·eign hous·ing ex·clu·sion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word foreign housing exclusion.
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Wikipedia
Foreign housing exclusion
The foreign housing exclusion goes hand-in-hand with the foreign earned income exclusion. According to section 911(a) of the federal tax code, a qualified individual under either the bona fide residence test or the physical presence test will be able to exclude from the gross income the housing amount in a foreign country provided for by the employer. Note that "provided for by the employer" does not require that the employer actually procure the housing. If the housing is paid for out of wages paid by the employer, this will meet the test. However, housing expenses in excess of the wages or earnings from self-employment would not qualify. The tax code defines the "housing amount" as the total of all qualified housing expenses less the "base housing amount." As a result, it is then important to define what is considered qualified housing expenses as well what the IRS mean by the base housing amount.
Numerology
Chaldean Numerology
The numerical value of foreign housing exclusion in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of foreign housing exclusion in Pythagorean Numerology is: 1
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"foreign housing exclusion." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/foreign+housing+exclusion>.
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