Get the free 2555
Show details
Form 2555 is used by U.S. citizens and resident aliens to report foreign earned income and to claim the foreign earned income exclusion, housing exclusion, or housing deduction.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign 2555
Edit your 2555 form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your 2555 form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Editing 2555 online
In order to make advantage of the professional PDF editor, follow these steps:
1
Log in to your account. Start Free Trial and register a profile if you don't have one yet.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit 2555. Rearrange and rotate pages, add and edit text, and use additional tools. To save changes and return to your Dashboard, click Done. The Documents tab allows you to merge, divide, lock, or unlock files.
4
Save your file. Select it in the list of your records. Then, move the cursor to the right toolbar and choose one of the available exporting methods: save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud.
With pdfFiller, it's always easy to deal with documents.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out 2555
How to fill out 2555
01
Begin by gathering your financial documents, such as income statements and records of expenses.
02
Download and print Form 2555 from the IRS website.
03
Fill in your personal information, including your name, address, and Social Security number.
04
Report your foreign earned income in Part I of the form, including any self-employment income if applicable.
05
Determine if you qualify for the foreign housing exclusion; if so, complete Part II.
06
Under Part III, fill out the foreign tax credit details if you are claiming it.
07
Review and double-check all entered information for accuracy.
08
Sign and date the form before submitting it either by mail or online with your tax return.
Who needs 2555?
01
Individuals who earn income while living and working in a foreign country.
02
U.S. citizens or resident aliens who meet specific requirements for foreign earned income exclusion.
03
Taxpayers looking to claim the foreign housing exclusion or deduction.
Fill
form
: Try Risk Free
People Also Ask about
What is a 2555 form used for?
Purpose: Form 2555 is used to claim the Foreign Earned Income Exclusion (FEIE), which allows U.S. citizens and resident aliens living abroad to exclude a portion of their foreign earned income from U.S. taxation. For 2024, the exclusion limit is up to $126,500.
What does foreign earned income exclusion mean on FAFSA?
For this purpose, foreign earned income is income you receive for services you perform in a foreign country in a period during which your tax home is in a foreign country and you meet either the bona fide residence test or the physical presence test.
Who qualifies for 2555?
To qualify for the FEIE, and therefore for filing Form 2555, you must meet two essential criteria: the tax home test and either the bona fide residence test or the physical presence test. Tax Home Test: Your tax home must be in a foreign country. This is generally where you live and work.
Who may qualify for the foreign tax credit?
The foreign tax credit is a U.S. tax credit used to offset income tax paid abroad. U.S. citizens and resident aliens who pay income taxes imposed by a foreign country or U.S. possession can claim the credit.
What is the difference between form 2555 and 1116?
Form 1116 (1116) does not require such information. This means that you can complete your expat tax return significantly faster when you claim the FTC and file Form 1116, as compared to claiming the FEIE and filing Form 2555. Form 2555 (FEIE) can only be used when an expat taxpayer fulfills several strict requirements.
How to avoid US tax on foreign income?
Expats can use the FEIE to exclude foreign income from US taxation. For the entire tax year 2024, the maximum exclusion amount under the FEIE is $126,500. To qualify for the FEIE, you must meet the standards of the physical presence test or the bona fide residence test.
Who qualifies for foreign earned income exclusion?
By excluding foreign-earned income from US taxation, the FEIE can help expats significantly reduce their US tax liability. To qualify for the foreign earned income tax exclusion, individuals must meet either the bona fide residence test or the physical presence test, and have a tax home in a foreign country.
What qualifies as foreign 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.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is 2555?
Form 2555 is a tax form used by U.S. citizens and resident aliens to claim the Foreign Earned Income Exclusion and the Foreign Housing Exclusion or Deduction.
Who is required to file 2555?
U.S. citizens or resident aliens who earn income in a foreign country and wish to exclude that income from their U.S. tax return may need to file Form 2555.
How to fill out 2555?
To fill out Form 2555, taxpayers need to provide information about their foreign earned income, the dates they were present in the foreign country, and any housing costs. Detailed instructions are available in the IRS guidelines.
What is the purpose of 2555?
The purpose of Form 2555 is to allow eligible taxpayers to exclude a certain amount of their foreign earned income from U.S. taxation and to claim the housing exclusion or deduction.
What information must be reported on 2555?
On Form 2555, taxpayers must report their foreign earned income, the type and amount of housing expenses, the number of days they were in the foreign country for the year, and their foreign address.
Fill out your 2555 online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
2555 is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
