1. Short title This Act may be cited as the Tax Simplification for Americans Abroad Act . 2. Short form for certain taxpayers living abroad (a) In general The Secretary of the Treasury (or the Secretary's delegate) shall make available a form for use by specified individuals to file the return of tax imposed by chapter 1 of the Internal Revenue Code of 1986. Such form shall replace Internal Revenue Service Forms 1040, 2555, 1116, 8938, 5471, 3520, 3520A, 8621, 8858, 8865, 926, 708, FinCEN Form 114, and other forms for disclosing income, assets, deductions, and offsets, and shall be as similar to Form 1040–EZ as it existed in 2017, except that the form shall be sufficient to allow an individual to, with respect to a taxable year— (1) demonstrate that such individual is a qualified individual under section 911(d)(1) of the Internal Revenue Code of 1986, (2) declare foreign income described in section 911 of such Code, (3) characterize income based on source, including— (A) wages, (B) self-employment income or business income, (C) contract income, (D) foreign government benefits, (E) pension and other retirement income, (F) scholarships and fellowship grants, (G) interest, (H) dividends, and (I) capital gains, (4) claim the standard deduction and, if applicable, the child tax credit, (5) declare foreign taxes paid or accrued, and (6) declare United States source income from retirement, pension and Social Security benefits to be treated as sourced from treaty income where tax has been paid upon distribution. (b) Specified individual (1) In general For purposes of this section, the term specified individual means, with respect to a taxable year, an individual— (A) who is a qualified individual under section 911(d)(1) of the Internal Revenue Code of 1986, and (B) who declares— (i) a gross income of not more than $400,000, and (ii) a tax liability of $0. (2) Inflation adjustment In the case of any taxable year beginning after 2024, the $400,000 amount in paragraph (1)(B)(i) shall be increased by an amount equal to— (A)