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Foreign Earned Income Exclusion Not Working - when I complete this section, it says my income is eligible, but there is NO change to my taxes and $0 in the summary.

I am using a Mac, so this should be the most current version.

1 Best answer

Accepted Solutions
JohnH2
New Member

Foreign Earned Income Exclusion Not Working - when I complete this section, it says my income is eligible, but there is NO change to my taxes and $0 in the summary.

With a significant foreign earned income exclusion, you may see no change in your taxes if all the taxes paid are being refunded.  The best way to trouble shoot this condition in the on-line system is to use the “Preview My 1040” feature.  You can check to see if Line 21, Form 1040 is showing a negative number with the explanation referring to Form 2555. Form 2555 supports the calculation of the exclusion. 

You can see your Form 1040 in process in the on-line system with the following menu path:

  1. My Account
  2. Tools
  3. View Tax Summary
  4. Preview My 1040 (Menu choice at top of screen)

View solution in original post

3 Replies
JohnH2
New Member

Foreign Earned Income Exclusion Not Working - when I complete this section, it says my income is eligible, but there is NO change to my taxes and $0 in the summary.

With a significant foreign earned income exclusion, you may see no change in your taxes if all the taxes paid are being refunded.  The best way to trouble shoot this condition in the on-line system is to use the “Preview My 1040” feature.  You can check to see if Line 21, Form 1040 is showing a negative number with the explanation referring to Form 2555. Form 2555 supports the calculation of the exclusion. 

You can see your Form 1040 in process in the on-line system with the following menu path:

  1. My Account
  2. Tools
  3. View Tax Summary
  4. Preview My 1040 (Menu choice at top of screen)

js8
New Member

Foreign Earned Income Exclusion Not Working - when I complete this section, it says my income is eligible, but there is NO change to my taxes and $0 in the summary.

trying to delete comment
js8
New Member

Foreign Earned Income Exclusion Not Working - when I complete this section, it says my income is eligible, but there is NO change to my taxes and $0 in the summary.

trying to delete comment
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