Glossary · United States

Foreign earned income exclusion

A way for a United States taxpayer living abroad to leave some of their foreign wages out of their US taxable income. Read the name carefully: it is for money you worked for, and it does nothing for a pension, a withdrawal from a retirement account, interest, dividends or rent.

Guides that use this term

Can I keep contributing to my US 401(k) or IRA while living in New Zealand?

New Zealand and the United States

Do I still have to file a US tax return from New Zealand?

New Zealand and the United States