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What are Forms 2555 and 2555-EZ used for?
by TurboTax•380• Updated 4 days ago
Form 2555 (Foreign Earned Income Exclusion) calculates the amount of foreign earned income and/or foreign housing you can exclude from taxation. Form 2555-EZ is a simplified version of this form.
Here's how to add or remove a Form 2555 or 2555-EZ from your return:
- Open or continue your return in TurboTax by selecting the Continue or Start button on the Tax Home screen.
- Search for foreign income, then select the Jump to link in the search results.
- Continue through the foreign income section until you reach Would You Like to Try and Exclude Your Foreign Earned Income? (if single), or Whose Foreign Income Would You Like to Try and Exclude? (if married).
- Answer Yes to add a Form 2555 or 2555-EZ. We'll figure out which one you need.
- Answer No to remove a Form 2555 or 2555-EZ.
- Select Continue, and follow any instructions.
Tip: The -T or -S suffix after the 2555 stands for taxpayer or spouse, respectively.
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