F2555ez 2002 form-2025

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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. Heres how to add or remove a Form 2555 or 2555-EZ from your return: Sign in to TurboTax and open or continue your return.
More In Forms and Instructions 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 your foreign earned income for the year.
A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.
You cannot claim both the Foreign Tax Credit (Form 1116) and the Foreign Earned Income Exclusion (Form 2555) on the same dollar of income. If you exclude the income from your tax return, you cannot also claim a credit on that same income.
For 2022, the maximum exclusion amount has increased to $112,000. combat zone. Certain individuals serving in a combat zone in support of the U.S. Armed Forces may nonetheless establish a tax home in the foreign country of the combat zone. For more information, see Tax home test under Who Qualifies, later.
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Form 2555 is a tax form that can be filed by US citizens and Green Card Holders who have earned income from outside the United States and Puerto Rico. It is used to claim the foreign earned income exclusion and/or the foreign housing exclusion.
IRS Form 2555 Form 2555: When a U.S. person works overseas and is able to meet the requirements of the Foreign Earned Income Exclusion (FEIE), they may qualify to file a 2555 form and exclude foreign income from U.S. Tax. The exclusion amount adjusts each year for inflation but currently hovers around $110,000.
Form 2555 shows how you qualify for the bona fide residence test or physical presence test, how much of your foreign earned income is excluded, and how to figure the amount of your allowable foreign housing exclusion or deduction.

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