FEIE

The FEIE lets qualifying Americans abroad (bona fide residence or 330-day physical presence) exclude a capped amount of earned income — salary and self-employment earnings — from US tax. It never covers dividends, interest, rents, or capital gains, and it doesn’t reduce self-employment tax. For Americans eyeing Turkey’s Law 7582, the FEIE is usually the only meaningful US-side relief left, since the foreign tax credit has nothing to work with.