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Currently US expats can exclude up to $102,100 of foreign earned income. However, you're still required to file US taxes if you're a US citizen. Doesn't matter
by tvanantwerp 9y ago
Currently US expats can exclude up to $102,100 of foreign earned income. However, you're still required to file US taxes if you're a US citizen. Doesn't matter if you were born overseas to American parents and have never been to America; still gotta file. The US is weird like that.
- hartator 9y agoOh, I thought you meant EU expats in the US.
- gnicholas 9y agoAh, I see the misunderstanding. Although I would note that if you are not a citizen or permanent resident, then I believe your foreign-source income is not subject to US tax. So for example if you had a home in another country that you rented out, that wouldn't be taxable in the US even though it would be for a similarly-situated US citizen.
- tvanantwerp 9y agoCan't promise the IRS would see it that way. This is just something I'm not sure about, but my wife was an immigrant to the US and they weren't shy about asking her about foreign assets.