Innerworld@lemmy.world to News@lemmy.worldEnglish · edit-27 days agoAmericans Are Leaving the US in Record Numberswww.wsj.comexternal-linkmessage-square74linkfedilinkarrow-up1273arrow-down13file-text
arrow-up1270arrow-down1external-linkAmericans Are Leaving the US in Record Numberswww.wsj.comInnerworld@lemmy.world to News@lemmy.worldEnglish · edit-27 days agomessage-square74linkfedilinkfile-text
minus-squaresubignition@fedia.iolinkfedilinkarrow-up20arrow-down1·7 days agoAnd don’t forget that you still have to pay US income taxes on income earned overseas! 🙄
minus-squareAlcoholicorn@mander.xyzlinkfedilinkarrow-up11·7 days agoIf you spend 330 days in non-US countries and pay tax somewhere else, you qualify for the FEITE on the first 130K+housing.
minus-squareshowmeyourkizinti@startrek.websitelinkfedilinkarrow-up8·7 days agoNot really almost everyone has reciprocal tax agreements. You have to file but you deduct all the taxes you’ve paid the local country.
minus-squaresprack@lemmy.worldlinkfedilinkarrow-up1·5 days agoYou still have to file US taxes for 7 years afterwards to prove you didn’t renounce just to avoid paying.
minus-squaredaannii@lemmy.worldlinkfedilinkEnglisharrow-up2·6 days agoOnly if you report your income 😉
And don’t forget that you still have to pay US income taxes on income earned overseas! 🙄
If you spend 330 days in non-US countries and pay tax somewhere else, you qualify for the FEITE on the first 130K+housing.
Not really almost everyone has reciprocal tax agreements. You have to file but you deduct all the taxes you’ve paid the local country.
Not if you renounce citizenship.
There’s a fee for that, not joking
You still have to file US taxes for 7 years afterwards to prove you didn’t renounce just to avoid paying.
Only if you report your income 😉