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The documentation and calculation of foreign earned income for MAGI purposes
The Modified Adjusted Gross Income (MAGI) used to determine the 2025 “” phaseout is generally the taxpayer’s Adjusted Gross Income (AGI) with a few specific add‑backs — mainly certain tax‑excluded for...
The Foreign Earned Income Exclusion () lets qualifying taxpayers exclude up to $130,000 of foreign-earned income for the by filing Form 2555, subject to residency or physical-presence tests and prorat...
The foreign earned income exclusion () and related foreign housing exclusion or deduction that taxpayers compute on Form 2555 are routinely added back to Adjusted Gross Income (AGI) when calculating M...
Yes: — including dual citizens living abroad — remain subject to U.S. taxation and generally must file U.S. tax returns if their worldwide income meets the filing thresholds set by ; protections such ...
Modified adjusted gross income () starts with the AGI on Form 1040 and then adds back specific nontaxable items — chiefly untaxed foreign income, non‑taxable Social Security benefits and tax‑exempt in...