this post was submitted on 20 Aug 2024
51 points (100.0% liked)
Asklemmy
43898 readers
1129 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The US actually requires that you pay taxes to the US based on your income in the foreign country unless they approve of you being exempt.
The first $120k is exempt, though, so unless you are bringing almost $1/4 million a year, the majority is not taxed.
https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion
There's also tax treaties that can make things more convoluted.