4 ms·
Not true! Google "puerto rico federal income tax" if you don't believe me. https://www.forbes.com/sites/robertwood/2019/09/09/move-to-puerto-rico-slash-your-ta
by garmaine 6y ago
Not true! Google "puerto rico federal income tax" if you don't believe me.
https://www.forbes.com/sites/robertwood/2019/09/09/move-to-puerto-rico-slash-your-taxes-to-zero-not-exactly/ https://www.forbes.com/sites/robertwood/2019/09/09/move-to-p...
(Despite saying "not exactly" in the title, it is in fact exactly that. Read the details. PR residents don't pay federal income tax. There's just some caveats if you're trying to move there as a tax dodge.)
- emteycz 6y agoI thought that applies only to non-US citizen Puerto Rico residents. Seems like you're right, thanks for correction!
- garmaine 6y agoWell Puerto Rican born residents are US citizens. The IRS makes it understandably difficult to change your residence to PR as a tax dodge though.
- dhruvkar 6y agoOnly if your source of income is from Puerto Rico. https://www.irs.gov/taxtopics/tc901 https://www.irs.gov/taxtopics/tc901 >> If you're a bona fide resident of Puerto Rico during the entire tax year, you generally aren't required to file a U.S. federal income tax return if your only income is from sources within Puerto Rico.