Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Other Income, Form 1040 Line 21 Workout



At the end of this lesson, using your resource materials, volunteers with Basic or Advanced certification will be able to determine:

  • Other types of income and how to report them

Volunteers with an International certification will be able to determine:

  • How to properly report income earned from worldwide sources
  • Who is eligible for the foreign earned income exclusion
  • How to calculate the excludible amount using Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion

Estimated time to complete: 1/2 hour (depending on certification level)