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Deductions & credits
Assuming you are married filing jointly, have a foreign tax home, have no other income, and your income is eligible, your numbers are look to be basically correct (except see below). However, there are many details and to be sure I suggest mocking up a 2024 return answering all the questions based on your overall situation. In this volunteer Internet forum we never have all of your info.
A couple of things things:
1. [edit The remainder of this paragraph is not correct for the FEIE but is otherwise generally correct.]
the tax due on the taxable income you calculate is not correct. 22% is a marginal rate. Only your taxable income between [edit $94.3 and $201k] (2024, MFJ) [originally I said $63.1k and $100.5k, which is head of household) istaxed @ 22%. Income below that is taxed some at 10% and some at 12%. (Capital gains and qualified dividends might be at yet another rate.) See, e.g., table 1 of https://taxfoundation.org/data/all/federal/2024-tax-brackets/
2. You should also see if the foreign tax credit (FTC)/Form 1116 will reduce your US tax to zero. If all your income is foreign then you should get a credit for foreign income (not SS/MC equiv) tax. But you have to prorate for the foreign income excluded by the FEIE. You might not need the FEIE as the FTC could wipe out of all your US income.
There are complications if you have other income and you should always check the US Tax Treaty with your resident county. Some kinds of income are taxed to the resident country, other's to the US. This most often happens to US securities dividends or interest taxed at less than 10% or 15%. You haven't said you have such income so that may not mater. For treaties see https://www.irs.gov/businesses/international-businesses/united-states-income-tax-treaties-a-to-z
3. You don't mention self-employment tax or SS/MC. That is separate. You should check to see if the foreign country in which your tax home is has a "Totalization Agreement" with the US. Those agreements basically determine which country you pay SS tax to, so you don't wind up paying twice. They also deal with benefit credits. You could start here: https://www.ssa.gov/international/agreement_descriptions.html
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