Jan 28, 2025 · If you qualify, you can use Form 2555 to figure your foreign earned income exclusion and your housing exclusion or deduction. Information about Form 2555, Foreign Earned Income, including recent updates, related forms, and instructions on how to file.

If you previously filed Form 2555 or Form 2555-EZ, enter the last year you filed the form. b If you didn’t previously file Form 2555 or Form 2555-EZ to claim either of the exclusions, check here and go to line 7.

If you qualify, you can use Form 2555 to figure your foreign earned income exclusion and your housing exclusion or deduction. You cannot exclude or deduct more than the amount of your foreign earned income for the year.

Form 2555 (Foreign Earned Income Exclusion) U.S. Taxpayers living and working outside the United States may qualify to have a certain portion of their income excluded for U.S. tax purposes on IRS Form 2555.

Form 2555 (Foreign Earned Income Exclusion) calculates the amount of foreign earned income and/or foreign housing you can exclude from taxation. Form 2555-EZ is a simplified version of this form. Here's how to add or remove a Form 2555 or 2555-EZ from your return:

Feb 26, 2021 · What is Form 2555? Form 2555 is used by United States citizens who live and earn income abroad to claim an exclusion for foreign earned income. If you have a foreign employer or foreign-sourced self-employment income, you may qualify for the Foreign Earned Income Exclusion (FEI).

Jan 23, 2025 · Understand Form 2555 for foreign earned income, its criteria, distinctions, and filing process to optimize your tax benefits abroad.

Apr 10, 2023 · Form 2555 is the form you file to claim the Foreign Earned Income Exclusion, which allows you to exclude up to $126,500 of foreign earned income for the 2024/2025 tax year. The Foreign Earned Income Exclusion exists the help prevent double-taxation.

Dec 19, 2024 · Qualifying expats can use IRS Form 2555 to claim a couple of major tax breaks, allowing them to reduce their tax bill by up to $24,000. While this form may seem complex, we’re here to walk you through it every step of the way.

What is the Foreign Earned Income Exclusion (Form 2555)? If you are living and working abroad, you may be entitled to exclude up to $126,500 of your foreign income from your 2024 income tax return. You may also qualify to exclude certain foreign housing amounts.