Form 2555. Foreign earned income exclusionExcludes up to $132,900 of foreign wages or self-employment income for 2026 from US income tax, plus some housing costs, if you pass the bona fide residence or physical presence test (330 full days abroad in 12 months).
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International, immigration and foreign owners
Form 2555
Foreign earned income exclusion
What it is
Excludes up to $132,900 of foreign wages or self-employment income for 2026 from US income tax, plus some housing costs, if you pass the bona fide residence or physical presence test (330 full days abroad in 12 months).
Who it's for
US citizens and green card holders living and working abroad.
Good to know
- It doesn't remove self-employment tax.
- Compare it with the foreign tax credit (Form 1116), which is often better in high-tax countries.
The law behind it
Related forms
8843Statement for exempt students, scholars and others5472Report of a foreign-owned US company8938Statement of specified foreign financial assets (FATCA)FinCEN 114 (FBAR)Report of foreign bank and financial accounts
General information, not tax or legal advice. Check the current IRS instructions for the form before you file.