Comment on What are some of the things someone permanently relocating away from the US should be aware of?
tychosmoose@lemm.ee 1 day agoNot when you change residency, but if you relinquish your citizenship: en.wikipedia.org/wiki/Expatriation_tax#United_Sta… or your residency has been revoked.
So if you remain a US citizen you owe normal annual tax (minus a credit for foreign taxes paid).
untorquer@lemmy.world 14 hours ago
Seems like it only matters if your taxable income is over ~$130k? So with foreign income exclusion that would mean you’d have to make over ~$250k/year for the 5 previous years.
At that point you can just pay your problems away…