Comment on What are some of the things someone permanently relocating away from the US should be aware of?
mkwt@lemmy.world 1 day agoEven if you never plan to return, you are still (legally) on the hook to file a 1040-NR form with the IRS every year.
There’s a foreign earned income tax credit: this reduces your US tax bill by any income tax you paid to your residence country. For many expat working stiffs, this means they don’t have to pay anything to Uncle Sam, but they still have to file a tax return.
untorquer@lemmy.world 14 hours ago
There’s also an income exclusion under $125k/yr.