How to calculate foreign income to add to Form 2555? Any social security, retirement plans, health insurance to a foreign country can be deducted from the gross income?

ali16 · ‎April 9, 2020

KarenJ2 · ‎April 9, 2020

No, you must enter your gross income.

Generally, since most foreign pensions aren't qualified plans, employee contributions do not reduce the employee’s taxable US income. UK /US treaty is the only treaty I know of that will, depending on the type of pension, allow you to deduct your pension contribution from your UK wages reported on your US tax return.

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KarenJ2 · ‎April 9, 2020

No, you must enter your gross income.

Generally, since most foreign pensions aren't qualified plans, employee contributions do not reduce the employee’s taxable US income. UK /US treaty is the only treaty I know of that will, depending on the type of pension, allow you to deduct your pension contribution from your UK wages reported on your US tax return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

ali16 · ‎April 10, 2020

Hello,

If anyone could clarify or have more knowledge on US/France situation, I'd like the feedback. Not even mandatory social charges such as local social security can be deducted from the gross income to report on 2555? Thank you

MaryK4 · ‎April 10, 2020

No you must include all income that you received.

@ali16

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How to calculate foreign income to add to Form 2555? Any social security, retirement plans, health insurance to a foreign country can be deducted from the gross income?