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your 2023 tax year for services you performed in a foreign country. If any of the foreign earned income received this tax year was earned in a prior tax year, or will be earned in a later tax year (such as a bonus), see the instructions.
To choose either of the exclusions, complete the appropriate parts of Form 2555 and file it with your Form 1040, 1040-SR, or 1040-X. Your initial choice to claim the exclusion must usually be made on a timely filed return (including extensions) or on a return amending a timely filed return.
Purpose of Form. 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.
Information about Form 2555, Foreign Earned Income, including recent updates, related forms, and instructions on how to file. If you qualify, you can use Form 2555 to figure your foreign earned income exclusion and your housing exclusion or deduction.
2555. Department of the Treasury Internal Revenue Service. Foreign Earned Income. Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form2555 for instructions and the latest information.
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.
This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms and do not rely on draft forms, instructions, and pubs for filing. We incorporate all significant changes to forms posted with this coversheet.
2555. Department of the Treasury Internal Revenue Service. Foreign Earned Income. Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form2555 for instructions and the latest information.
The limit on housing expenses is computed using the worksheet on page 3 of the Instructions for Form 2555. Additionally, foreign housing expenses may not exceed your total foreign earned income for the taxable year.
If you are going to exclude or deduct your income as discussed above, you must file Form 2555. Deductions and credits. Chapter 5 discusses deductions and credits you may be able to claim on your return.