Limit on excludable amount The maximum foreign earned income exclusion amount is adjusted annually for inflation. For tax year 2022, the maximum foreign earn

Limit on excludable amount The maximum foreign earned income exclusion amount is adjusted annually for inflation. For tax year 2022, the maximum foreign earned income exclusion is the lesser of the foreign income earned or $112,000 per qualifying person. For tax year 2023, the maximum exclusion is $120,000 per person. If two individuals are married, and both work abroad and meet either the bona fide residence test or the physical presence test, each one can choose the foreign earned income exclusion. Together, they can exclude as much as $240,000 for the 2023 tax year. https://www.irs.gov/individuals/international-taxpayers/figuring-the-foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/figu...