US $106k Foreign Earned Income Exclusion

[Bill Streever]

The exemption can come from establishing a residence abroad or from the physical presence test, which just means you are out of the US (and international waters and airspace, as defined by various rules) for more than something like 330 days per year. You will still have to pay social and med. There is good information about the physical presence test on line, and most decent tax preparers will be familiar with it. Check the fine print, as it is a little complicated.