F2555ez fillable form 2013-2025

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The source of your earned income is the place where you perform the services for which you receive the income. Foreign earned income is income you receive for performing personal services in a foreign country. Where or how you are paid has no effect on the source of the income.
To qualify, the tax must be imposed on you by a foreign country or U.S. possession and you must have paid the tax. Taxes on income, wages, dividends, interest, and royalties generally qualify for the foreign tax credit.
All foreign earned income (for the individual taxpayer) should be combined on to one Form 2555. Up to two Forms 2555 can be e-filed per return, one for each taxpayer.
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.
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.
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For 2013, the maximum exclusion has increased to $97,600. Do not include on Form 1040, line 62 (federal income tax withheld), any taxes an employer withheld from your pay and paid to the foreign countrys tax authority instead of to the U.S. Treasury.
Complete Form 1040 Line Items Once Form 2555 is completed, the amount of excluded foreign-earned income will transfer to Line 7 of your Form 1040. This reduces your total taxable income by the amount of the exclusion. If you claimed the Foreign Housing Exclusion as well, it will also be included here.

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