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Is Congress planning to repeal the Foreign Earned Income Exclusion law?


I have heard there is a bill to repeal this law, which allows US citizens working in foreign countries to deduct from their taxes up to ~$87,000 of their income. I wasn't able to find any information on this. Please only answer if you have any hard information, like the bill #, or information from a tax professional.

HR 4752 in the 110th congress is to remove the FEIE cap

HR 4752 in the 109th congress was to reinstate the draft

HR 4752 is the bill to remove the cap, not to eliminate it.

You should check with Nancy Pellozi... Based on what she has accomplished since taking office she can't be to busy.

Uhhh... HR 4752 is a bill to reintroduce the draft and national service and apply it equally to men and women. Unless there's a hidden rider regarding the FEIE, that's not the bill that would repeal the cap.

Well living overseas for a number of years, I have never used it, if you have to depend on your salary where I live you are in a bad way, a doctor only makes about $500 a month. My social security is more than a Senator makes. Plus anyone making 87K here would not declare it anyway.

Who knows what congress will actually do? Having a bill introduced certainly doesn't mean it will be passed. Although they'd probably have an easier time getting agreement to pass a bill to RAISE taxes than passing one that would CUT taxes.

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