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Get your taxes done using TurboTax
No, this is not a new version of the Form 2555. They are the same form. Form 2555 T means the Form 2555 for taxpayer and Form 2555 S is for spouse.
As of today, this form will not be available until February 2/11/2021. To check forms availability, click here: IRS forms
You would use Form 2555 to calculate the excludable portion of your foreign income that you made and the housing exclusion deduction while working on foreign soil. For 2020, the maximum exclusion amount has increased to $107,600. Due to the global health emergency caused by COVID-19, the IRS has provided relief related to the time requirement necessary to meet either the bona fide residence test or physical presence test. To learn more, click here: https://www.irs.gov/instructions/i2555
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