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  • 2008 Form 2555

Get 2008 Form 2555

For Paperwork Reduction Act Notice see page 4 of separate instructions. Cat. No. 11900P Form 2555 2008 Page The physical presence test is based on the 12-month period from through Enter your principal country of employment during your tax year. If line 38 and the number of days in your 2008 tax year usually 366 are the same enter 1. 000. Otherwise divide line 38 by the number of days in your 2008 tax year and enter the result as a decimal round.

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The FEIE is generally best for taxpayers whose income is earned in a low- or no-income tax country. It will allow them to shield up to $112,000 (2022 figure) from U.S. taxation, while the Foreign Tax Credit would have little or no benefit since they are in a low- or no-income tax country.

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.

Who needs to file Form 2555? You need to file IRS form 2555 if you want to claim the Foreign Earned Income Exclusion. The FEIE is available to expats who either: Work outside the U.S. as employees, whether for a U.S. or non-U.S. employer.

To meet this test, you must be a U.S. citizen or resident alien who is physically present in a foreign country, or countries, for at least 330 full days during any period of 12 months in a row. A full day means the 24-hour period that starts at midnight.

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 need to file IRS form 2555 if you want to claim the Foreign Earned Income Exclusion. The FEIE is available to expats who either: Work outside the U.S. as employees, whether for a U.S. or non-U.S. employer. Work outside the U.S in a self-employed or partner capacity.

The maximum amount of earned income that may be excluded for each year is ($87,600 for 2008, $91,400 for 2009, $91,500 for 2010, $92,900 for 2011, $95,100 for 2012, $97,600 for 2013, $99,200 for 2014 and $100,800 for 2015);

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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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232