Innerworld@lemmy.world to News@lemmy.worldEnglish · edit-23 days agoAmericans Are Leaving the US in Record Numberswww.wsj.comexternal-linkmessage-square74linkfedilinkarrow-up1271arrow-down13file-text
arrow-up1268arrow-down1external-linkAmericans Are Leaving the US in Record Numberswww.wsj.comInnerworld@lemmy.world to News@lemmy.worldEnglish · edit-23 days agomessage-square74linkfedilinkfile-text
minus-squaresubignition@fedia.iolinkfedilinkarrow-up20arrow-down1·3 days agoAnd don’t forget that you still have to pay US income taxes on income earned overseas! 🙄
minus-squaresprack@lemmy.worldlinkfedilinkarrow-up1·1 day 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-up2·2 days agoOnly if you report your income 😉
minus-squareAlcoholicorn@mander.xyzlinkfedilinkarrow-up11·3 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-up8·3 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.
And don’t forget that you still have to pay US income taxes on income earned overseas! 🙄
Not if you renounce citizenship.
You still have to file US taxes for 7 years afterwards to prove you didn’t renounce just to avoid paying.
There’s a fee for that, not joking
Only if you report your income 😉
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.