Foreign Earned Income Exclusion Calculator
Foreign Earned Income Exclusion Calculator. A US taxpayer enters foreign earned income, an exclusion limit, qualifying days, housing exclusion, and a rate assumption to estimate excluded and taxable income. Use it while planning an overseas work year before reviewing Form 2555 facts.
Result
Estimate
How to interpret this result
Applicability and limits
Calculation basis
Formula
Calculation logicFormula definitions and substituted values.
Qualifying Fraction
min(Qualifying foreign days / 330, 1)
min(Qualifying foreign days / 330, 1)Prorated Exclusion
Annual FEIE limit ($) * Qualifying Fraction + Eligible housing exclusion ($)
Annual FEIE limit ($) * Qualifying Fraction + Eligible housing exclusion ($)Excluded Income
min(Foreign earned income ($), Prorated Exclusion)
min(Foreign earned income ($), Prorated Exclusion)Taxable income
max(Foreign earned income ($) - Excluded Income, 0)
max(Foreign earned income ($) - Excluded Income, 0)Estimated tax
Taxable income * Applicable tax rate assumption (%) / 100
Taxable income * Applicable tax rate assumption (%) / 100How to interpret this result
Foreign Earned Income Exclusion Calculator starts with a professional planning example for this scenario. Edit the inputs to replace the example with your own facts; the displayed outputs update from the formula.
Foreign Earned Income Exclusion Calculator starts with a professional planning example for this scenario. Edit the inputs to replace the example with your own facts; the displayed outputs update from the formula.Applicability and limits
This is a prorated arithmetic estimate. It does not determine tax-home, bona-fide-residence, physical-presence, housing-limit, filing-status, stacking, or Form 2555 eligibility.
This is a prorated arithmetic estimate. It does not determine tax-home, bona-fide-residence, physical-presence, housing-limit, filing-status, stacking, or Form 2555 eligibility.Calculation basis
Only the named inputs and displayed formula relationships are used. Rates, limits, thresholds, eligibility flags, dates, and jurisdiction assumptions are not silently looked up unless a verified dataset is listed.
Only the named inputs and displayed formula relationships are used. Rates, limits, thresholds, eligibility flags, dates, and jurisdiction assumptions are not silently looked up unless a verified dataset is listed.What to check
- A US taxpayer enters foreign earned income, an exclusion limit, qualifying days, housing exclusion, and a rate assumption to estimate excluded and taxable income.
- Use it while planning an overseas work year before reviewing Form 2555 facts.
- This is a prorated arithmetic estimate. It does not determine tax-home, bona-fide-residence, physical-presence, housing-limit, filing-status, stacking, or Form 2555 eligibility.
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