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Travis Texas Form 2555-EZ: What You Should Know

Item B is 5,500 from Texas Health and Human Services for 16,500.00. Item C is money from the Travis County Consolidated Homeless Services Grant. Items A, B and C should be used. Item D is 5,500 for the City of Austin, Travis County homeless services grant program 3,250.00. Item E is money for Community Development Block Grant in which Austin ISD is the grant recipient. Item B, C,D and E are used together. This will reduce your income tax by the amount shown in the grant summary. For that amount see the following page. (Click image above.) Item E must be used by the last Friday in August for a combined 3,250.00 to reduce your tax by 3,250. This amount is not subject to tax if you complete a Form 2555 to claim the U.S. foreign earned income exclusion, or 5,500 for the U.S. housing exclusion. See the link below to use item C if eligible. 8) You cannot claim items 13-16 on the form because of the income tax withholding requirements. You cannot claim item 13-16 on the Texas income tax transcript because it doesn't meet the federal income tax withholding requirement. 9) You cannot complete item 20-26 without having filed an additional state income tax return. For the tax year 2013, item 20-6 is not a valid state return, it must be filed in Texas. Item 24-5 is also not a valid state return, it must be filed in Texas. 10) You must complete item 26 if you are age 60 or over and item 19 if you are age 65 or over. Item 20, Part A. See link below. (Click image above.) For 2012, item 19 is not usable for filing an income tax return if you file Form 2555/2555-EZ, Foreign Earned Income Exclusion. For purposes of the filing-of-items-required rule in item 21, you must complete the list of items, but not complete all the items. 13) Your State Income Tax Filing Instructions are wrong and need to be corrected on your return. Item 20, Part B.

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