Maximum Foreign Income Exclusion for 2008

[Rlmea]

If a MFJ couple (both satisfy physical presence test (Hong Kong) and are both employed by a foreign owned companies, what is the maximum exclusion? If only 1 spouse works?
I know its $87,600, but not sure per taxpayer or return?

[travis bickle]

for married couples,

Good day,

the following paragraph/section header appears on page 3 of the instructions for Form 2555:

"Married couples. The following rules apply if both you and your spouse qualify for the tax benefits of Form 2555."

Obviously, the amount of income that may be excluded is $87,XXX per person.

[veritas]

I like IRS pubs for info

but I have found it easier to look at the Taxbook first. See page 14-14 for your answer.