The U.S. IRS has issued Notice 2022-10, which was published in Internal Revenue Bulletin: 2022-10 on 7 March 2022. Notice 2022-10 provides the adjustments to the limitation on housing expenses for purposes of section 911 of the Internal Revenue Code for the 2022 tax year. These adjustments are made on the basis of geographic differences in housing costs relative to housing costs in the United States.
The housing expense amount is limited based on a percentage of the maximum foreign earned…