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FYI my understanding is US citizens are exempt from US taxes as long as you spend 330 days of the year outside the US. You still have to file a tax return, you
by warent 6y ago
FYI my understanding is US citizens are exempt from US taxes as long as you spend 330 days of the year outside the US.
You still have to file a tax return, you just don't pay anything.
https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/fore...
- u678u 6y ago> you just don't pay anything. (if you earn under 100k USD/yr)
- hc-taway 6y agoLimit's higher for families. You still have to file, though.
- JacobAldridge 6y agoIf you’re making Software Engineer money, I understand that the Foreign Tax Credit (FTC) is almost always going to be better than the Foreign Earned Income Exemption (FEIE) which is hard to revoke as your income increases.
- cpursley 6y agoYou'll still owe Social Security. Still, a very large savings if your host country is low tax.