Thursday, August 12, 2004

The just-released Statistics of Income Bulletin (Spring 2004) includes Individual Foreign-Earned Income and Foreign Tax Credit, 2001, by Jeff Curry (SOI) & Maureen Keenan Kahr (SOI). Here is the abstract:

U.S. taxpayers living abroad reported $27.4 billion in foreign-earned income for 2001. They filed 294,763 individual income tax returns, an increase in real percentage terms of 15.1 percent from 1996 (the last year for which similar statistics were collected). Along with this, the foreign-earned income exclusion increased by 3.1 percent to $14.1 billion, while the exclusion for certain employer-provided housing expenses fell from over $2.1 billion for 1996 to just over $1.9 billion for 2001, a decrease of 9.8 percent.

For related tables of data, see here.