3 ms·
How is there any reduction in tax if expats must still pay US taxes?
by muzz 8y ago
How is there any reduction in tax if expats must still pay US taxes?
- duaoebg 8y agoThere is foreign earned income exclusion. Which stops at $100K but this is still a lot for many people. I’m not American so it’s not my problem, but it’s what I hear from other tax exiles. My parents are American but given the choice for me to become American I declined due to the whole tax issue.
- walrus01 8y agohttps://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/fore... there is a "physical presence test" where you need to be resident outside the USA for 330 days or more a year. https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-physical-presence-test https://www.irs.gov/individuals/international-taxpayers/fore...