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Music this video discusses form 2555 and the foreign earned income exclusion first we will briefly go over the requirements to claim the exclusion and then we will review the form line by line to simplify the video we will not be going over the housing deduction which is generally applicable to self-employed individuals if you are a US citizen or a u.s. resident alien living in a foreign country you are subject to the same US income tax laws that apply to citizens and residents living in the United States however if you meet certain requirements you may be able to exclude up to a hundred and two thousand one hundred dollars of foreign earned income for 2017 you qualify for the foreign earned income exclusion if you have foreign earned income you meet the tax home test and you meet either the bona fide residence test or the physical presence test foreign earned income generally means income you earn from services you performed in a foreign country where the employer is located and where

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