Page 61 - International Taxation IRS Training Guides

Individual Credits/Exclusions/Special

Treatments

for various credits, exclusions and special
 Eligibility
requirements to
treatment depend on satisfying various
claim these items.

• Credits

− Credits
include the child tax credit/additional child tax credit,
recovery
rebate credit, premium tax credit, making work pay
and earned income credit.
credit
• Exclusions

elect to exclude “foreign earned
− Certain qualified individuals may
and foreign housing costs from gross income, subject to
income”
certain limitations.
limited to a base exclusion amount that
− Foreign earned income is

is indexed for inflation.
Treatment
• Special

− A U.S. citizen or resident alien employed by foreign government,

living and working in a designated combat zone, may be
or
entitled to special
treatment.
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