FOREIGN-EARNED-INCOME EXCLUSION

foreign-earned-income exclusion.The Internal Revenue Code provision that excludes from

taxation a limited amount of income earned by nonresident taxpayers outside the United States. •

The taxpayer must elect between this exclusion and the foreign tax credit. IRC (26 USCA) §

911(a), (b). See foreign tax credit under TAX CREDIT. [Cases: Internal Revenue 4095–4122.

C.J.S. Internal Revenue §§ 16, 475–476, 480–488.][Blacks Law 8th]