FEIE Calculation (Form 2555)
Assumptions & sources
| Parameter | Value (selected year) | Status | Citation |
Projected figures are estimates. Amounts labeled "Projected" are not IRS-published. They apply your assumed inflation rate to the 2026 published amount and the statutory rounding rule, and will differ from the amount the IRS later announces. Do not use projected figures on a filed return.
Last verified: October 29, 2026
Important: This calculation assumes you qualify under the
Physical Presence Test or Bona Fide Residence Test with a foreign tax home under
IRC §911 and that you elect the exclusion on Form 2555.
Self-employment tax is computed without the §911(a)(1) exclusion (IRC §1402(a)(11)), unless a
totalization agreement says otherwise. Excluded income is still stacked at the top of the rate brackets for the remaining income (IRC §911(f)), no credit or deduction is allowed to the extent allocable to excluded income (IRC §911(d)(6)), and in higher-tax countries the
foreign tax credit can beat the exclusion. Revoking the election bars a new election until the 6th taxable year after the revocation year without IRS consent (IRC §911(e)(2)). See
the expat filing guide. Consult a tax professional to confirm eligibility.