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What is the difference between 2555T and 2555?

US Expat living as permanent resident overseas. I pay foreign income taxes.

Every year I file a 2555. 

This year, TurboTax (TT) asked for me email because they haven't uploaded 2555T.

I'm confused. Is this the new version of 2555?

OR

Is it some other weird form that I don't need and should continue to use 2555, and delete 2555T?

 

 

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1 Best answer

Accepted Solutions
LinaJ2020
Expert Alumni

What is the difference between 2555T and 2555?

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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4 Replies
LinaJ2020
Expert Alumni

What is the difference between 2555T and 2555?

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

What is the difference between 2555T and 2555?

Thank you so much for clarifying. Your reply was super helpful! 

Hey, it's custom here where I live to show deep thanks and 

appreciation with a bow.. m(_ _)m

LinaJ2020
Expert Alumni

What is the difference between 2555T and 2555?

You are very welcome !  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
K2GW
New Member

What is the difference between 2555T and 2555?

Form 2555-T is still broken as it it does not allow entry of a 0 (zero) days in Line 18 Column e for non-business return trips to the USA for funerals or vacation.

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