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posted 1 year ago by Supermatmike on scored.co (+0 / -0 / +35Score on mirror )
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llamatr0n on scored.co
1 year ago 3 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.
Parcival on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
Only for income over $120,000, so it's a non-issue for most.
deleted 1 year ago 0 points (+0 / -0 ) 1 child
llamatr0n on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
https://wise.com/us/blog/us-taxes-for-citizens-living-abroad

> 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.
deleted 1 year ago 0 points (+0 / -0 )
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