The Foreign Earned Income Exclusion (FEIE) is a tax benefit that allows qualifying U.S. citizens and resident aliens to exclude a portion of their foreign earned income from federal income tax. For the tax year 2025, the maximum exclusion amount is $120,700 (as per Revenue Procedure 2024-40). To qualify, you must meet the bona fide residence test or the physical presence test. See 26 U.S. Code § 911 for more details.