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Foreign Earned Income Exclusion (Section 911) Preserved

Date Posted: 2003-06-01

The tax cut bill passed last week by Congress was originally scheduled to eliminate the Section 911 foreign earned income exclusion, increasing taxes for overseas Americans. The provision was removed from the bill that was sent to the White House. USA Today summarized: "Americans abroad became the targets of tax writers when the Senate tried to cut taxes by more than $350 billion, a limit demanded by moderate Republicans. To lower the net

total, Senate leaders added some tax increases. The largest, worth more than $32 billion over 10 years, would have jettisoned the break that permits Americans overseas to exclude up to $80,000 in annual income from U.S. taxes ($160,000 for couples)."

You can learn more on this and other topics of interest to Americans overseas at the American Citizens Abroad website: www.aca.ch

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