If I make under the foreign earned income exclusion amount, do I need to file a tax return?
Whether working abroad or in the U.S., you must file a U.S. tax return if you meet the filing threshold which is generally equivalent to the standard deduction for your applicable filing status. You may be able to reduce your taxable income to zero by claiming the Foreign Earned Income Exclusion.
How much is the foreign earned income exclusion?
You may be able to exclude up to $104,100 in foreign earned income, as long as it meets specific requirements. Example: the exclusion does not apply to passive income such as interest and dividends.
How do I claim the Foreign Earned Income Exclusion?
It's not automatic. You’ll need to file a U.S. tax return, and you can only claim the exclusion if you file Form 2555 with your return – even if all of your foreign earned income is excludible.
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