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King Washington Form 2555-EZ: What You Should Know

To read these instructions, scroll down to the section: What is income that is subject to FICA taxes? This is Income that is not subject to Federal Insurance Contributions Act (FICA) taxes. See definition of income here. You can qualify for the foreign earned income exclusion if you earn foreign earned income. See foreign earned income exclusion on this page. Foreign earned income and FICA are not the same.  Do not confuse these two tax rules. Qualifying for Foreign Earned Income Exclusion Qualifying for the foreign earned income exclusion is easy. You must earn more than 600,000 for one or more qualifying years of service during the calendar year.  Note : Filing Form 2555-EZ to claim the foreign earned income exclusion will not allow you to exclude FICA taxes from your foreign earned income if you meet the requirements. For Example: If you are a U.S. citizen and serve in one of the five eligible Federal military departments from June 18, 2023 – December 31, 2016, you are eligible for the foreign earned income exclusion as long as you are otherwise eligible to claim FICA exemptions for all years. (U.S. citizen serving in the Coast Guard during this time period is ineligible) If you are a nonresident alien (including a U.S. citizen or resident alien of U.S. possession and not a resident alien of a country other than the United States) and do not meet the minimum reporting requirements described in the Instructions (the minimum annual income and filing information required can be found in the Filing Information Table in Part 2 of this Form 2555 Guide), you cannot qualify for the foreign earned income exclusion. If you are a nonresident alien who meets either the minimum reporting requirements described in the Instructions (the minimum annual income and filing information required can be found in the Filing Information Table in Part 2 of this Form 2555 Guide) or the filing requirements described in a second box on the Form 2555-EZ Schedule D, FICA Exemptions, you can qualify for the U.S. earned income exclusion on this page. Then you can continue to claim the foreign earned income exclusion through the filing requirements described in the Second box on the Form 2555-EZ Schedule D, Income of U.S. Citizens and Resident Aliens (Circular E — Exclusions of U.S. Citizens and Resident Aliens). For more information, go here.

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