Why do we revoke the Foreign Earned Income Exclusion?

If you have used the Foreign Earned Income Exclusion (FEIE) in your previous year, some instances revoking it for a specific tax year and claiming the Foreign Tax Credit (FTC) would be beneficial. Some of the few instances are:

• When you want to claim the child tax credit
• When you want to contribute to IRA
• When you’re paying your correct taxes, and you’re in a country that has a higher tax rate than the US