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Form 2555-EZ for Palm Beach Florida: What You Should Know

Most people do not need to use this form; however, there are many circumstances for use Form 2555-EZ. Some Reasons You Would Need to Use Form 2555-EZ • If your U.S. income is less than 127,200 for the calendar year. • If your U.S. income is less than 127,200 for the calendar year • If you reside in the U.S., live in a joint household and the other U.S. resident did not meet the above circumstances; • If you are a member of a dual-status tax treaty partnership. • If you meet the other criteria to be exempt from the foreign earned income tax. Note: The 110,100 thresholds for expats will be phased out when the applicable federal income tax rate, after adjustments for inflation, reaches 23.8% for single taxpayers (110,100/113,700 for joint filers). For tax year 2018, it is estimated that the threshold for the phaseout will be 130,100 (113,700 if joint) for most taxpayers.

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