Get 2024 Instructions For Form 2555. Instructions For Form 2555, Foreign Earned Income

Filling out the 2024 Instructions for Form 2555 can help you maximize your foreign earned income exclusions and deductions. This comprehensive guide will walk you through each section and field of the form for a clear understanding of what is required.

Follow the steps to successfully complete your Form 2555.

1. Press the ‘Get Form’ button to access the form and open it in your preferred editor.
2. Enter your complete address in line 1, including city, state, country, and postal code. If you are using a military or diplomatic address, be sure to include the country.
3. On line 9, provide the details of your tax home(s) and the dates they were established to meet the tax home test.
4. Select either Part II or Part III of Form 2555 to indicate if you are meeting the bona fide residence test or the physical presence test.
5. If you choose Part III, confirm you have been physically present in a foreign country for at least 330 full days during any 12-month period by filling in the dates on line 16.
6. In Part IV, report your total foreign earned income for the tax year on the appropriate lines, making sure to follow the guidelines for what counts as foreign earned income.
7. For claiming any housing exclusion or deduction, complete Part VI by entering your housing expenses on line 28 and follow with the limits on housing expenses worksheet if applicable.
8. Once all sections are completed, review your entries for accuracy, save your changes, and prepare your form for submission.
9. Finally, after reviewing, you can download, print, or share your completed Form 2555 as needed.

Complete your Form 2555 online today to ensure you take full advantage of your foreign earned income benefits.