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I am. Full time US citizen software developer living in Asia for the past 3 years. Get paid to a US bank account. Country I’m in isn’t good at collecting taxes.
by idontwantthis 5y ago
I am. Full time US citizen software developer living in Asia for the past 3 years. Get paid to a US bank account. Country I’m in isn’t good at collecting taxes.
- anonymous2324 5y agoThis doesn't really apply to me as I'm not a US Citizen or a Green Card holder, but out of curiosity. Are you on a payroll in your home state and pay state + federal taxes or are you paid as a contractor similar to what I do?
- digianarchist 5y agoMost people do pay taxes in their home country. You can't be a tax resident of nowhere. In Canada to become a nonresident for tax purposes you need to establish tax residency elsewhere.
- anonymous2324 5y agoYeah that's what digital nomads do. I live long term in the country I am located in so there's little doubt on where I need to pay my taxes. Actually for Americans the rules are bit different in that Uncle Sam wants his cut even if they live overseas (over a certain amount IIRC) but for the rest of us it's purely residence based.
- lometogo 5y agoFrom the US IRS site: For tax year 2020, the maximum foreign earned income exclusion is the lesser of the foreign income earned or $107,600 per qualifying person. For tax year 2021, the maximum exclusion is $108,700 per person.
- idontwantthis 5y agoYep on salary. Pay federal and state taxes but get almost all of it returned with FEIE.
- nsonha 5y agothe IRS does though, and your income is in an US bank?
- idontwantthis 5y agoYeah I file US taxes every year and get it almost all back from the FEIE.
- nsonha 5y agoso if you work for an US company but reside overseas, can you claim it?
- idontwantthis 5y agoIf the ground beneath your feet is a foreign country for at least 330 days in a year then you can claim it no matter where your money comes from.