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llamatr0n on scored.co
1 year ago3 points(+0/-0/+3Score on mirror)1 child
Americans abroad are still subject to US taxes. The US taxes your worldwide income from all sources no matter where you live. And the only way to leave US tax behind is to renounce your citizenship.
> If you claim the Foreign Earned Income Exclusion by filing IRS Form 2555, then you don't have to pay tax on your first $112,000 of foreign income for the 2022 tax year. This exclusion can only be taken on earned income.
> If you claim the Foreign Earned Income Exclusion by filing IRS Form 2555, then you don't have to pay tax on your first $112,000 of foreign income for the 2022 tax year. This exclusion can only be taken on earned income.