IRS Announces 2011 Foreign Earned Income Exclusion Amount
This would apply if you have foreign earnings such as wages, salary or business profits and meet the other requirements. It is claimed on Form 2555. It does not apply to unearned sources of income such as pension, interest and dividends.
In addition, you may be able to deduct or exclude foreign housing costs (such as rent or utilities) within certain limits.
Please contact me if you have questions or want more information.