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IRS Announces 2014 foreign housing expenses limits for high cost locations

On April 14th, the IRS issued Notice 2014-29, Determination of Housing Cost Amounts Eligible for Exclusion or Deduction for 2014.

This notice includes the inflationary adjustments to the 2014 limits on housing expenses for high cost locations that do not use the standard amount of USD 29,760.

These figures are used as part of the Foreign Housing Exclusion calculation.  

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