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Physical
Presence Test:
The physical presence test states that you must reside outside of the
United States borders for 330 days of any consecutive 12 month period. The day you arrive does not
count towards the 330 days, and the day you leave the foreign country also does not count towards your
total.
By passing the physical
presence test, you become eligible to receive an automatic two month
extension
as well as the foreign earned income exclusion.
Under the foreign earned income exclusion, you are eligible to exclude up
to $87,600 of your worldwide income from U.S. taxation. The amount excludable doubles
to $175,200 for married filing joint.
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