FEIE (Foreign Earned Income Exclusion)
taxA US tax provision (IRC §911) allowing qualifying US citizens and residents living abroad to exclude up to approximately $120,000 (indexed annually) of foreign earned income from US federal income tax. To qualify, the taxpayer must meet either the bona fide residence test or the physical presence test (330 days outside the US in a 12-month period). The FEIE does not eliminate self-employment tax or apply to passive/investment income.