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  2. Foreign earned income exclusion - Wikipedia

    en.wikipedia.org/wiki/Foreign_earned_income...

    The maximum exclusion is $130,000 for tax year 2025 (future years indexed for inflation). [3] The amount of exclusion that a taxpayer is entitled to is equal to the lesser of foreign earned income for the year or the maximum exclusion, divided by the total number of days (365 or 366) in the year times the number of "qualifying days".

  3. 8 Tax Credits for 2025: How Much Can You Save? - AOL

    www.aol.com/8-tax-credits-2025-much-170112981.html

    Earned Income Tax Credit. The Earned Income Tax Credit (EITC) is designed to assist low-income taxpayers with or without children. ... Cannot file Form 2555, Foreign Earned Income. For tax year ...

  4. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    Form 2555, Foreign Earned Income, is filed by taxpayers who have earned income from sources outside the United States exempt from US income tax. US citizens or resident aliens are taxed on their worldwide income. For those who qualify, however, Form 2555 can be used to exclude foreign earned income up to (In USD): [49] $87,500 for 2007 [50]

  5. Foreign housing exclusion - Wikipedia

    en.wikipedia.org/wiki/Foreign_housing_exclusion

    In other words, the housing amount must be deducted from the total foreign earned income to arrive at the excludable amount for foreign earned income exclusion purposes. Lastly, to choose the housing exclusion, Form 2555 is the only form allowed and must be completely filled out. Form 2555-EZ cannot be used to claim the foreign housing exclusion.

  6. Earned Income Credit Table: Find Out If You Qualify - AOL

    www.aol.com/earned-income-credit-table-qualify...

    You cannot file Form 2555, Foreign Earned Income. Your filing status must not be married filing separately. You must be a U.S. citizen or resident alien all year.

  7. Do I Need to Report Foreign Income on My Taxes? - AOL

    www.aol.com/required-report-foreign-income-taxes...

    Continue reading → The post How to Report Foreign Income Without a W-2 appeared first on SmartAsset Blog. As a U.S. citizen or legal permanent resident, the IRS is in charge of collecting a cut ...

  8. Bona fide resident test - Wikipedia

    en.wikipedia.org/wiki/Bona_fide_resident_test

    The bona fide residence test, like the physical presence test, comprises one way that an individual can qualify for the foreign earned income exclusion from United States income tax. In order to qualify for the bona fide residence test, an individual needs to reside in a foreign country for an uninterrupted period that includes an entire tax year.

  9. Double taxation - Wikipedia

    en.wikipedia.org/wiki/Double_taxation

    An individual who is a bona fide resident of a foreign country or is physically outside the United States for an extended time is entitled to an exclusion (exemption) of part or all of his earned income, i.e. personal service income, as distinguished from income from capital or investments. [18] (See IRS form 2555.)

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