RandAlThor to Canada · 3 days agoWhy some female physicians are eyeing a move to Canada from the U.S.www.cp24.comexternal-linkmessage-square49fedilinkarrow-up1226arrow-down13cross-posted to: [email protected]
arrow-up1223arrow-down1external-linkWhy some female physicians are eyeing a move to Canada from the U.S.www.cp24.comRandAlThor to Canada · 3 days agomessage-square49fedilinkcross-posted to: [email protected]
minus-squareyeehawlinkfedilinkarrow-up3·2 days agoBut isn’t it true that you still have to pay some sort of annual tax to the USA even if you no longer live there?
minus-squarekent_ehlinkfedilinkEnglisharrow-up2·edit-22 days agoAmericans have to submit tax forms to the IRS every year, even if they are no longer living there or earning income there.
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up2·edit-22 days agoNo. It is not true. I lived outside the US for many years and never even filed my taxes because my income was less than $100,000 per year. If you earn a bit more than that, or you have income from capital gains, then may have to report it and pay taxes, yes. See IRS rules for “Foreign Income Exclusion”
But isn’t it true that you still have to pay some sort of annual tax to the USA even if you no longer live there?
Americans have to submit tax forms to the IRS every year, even if they are no longer living there or earning income there.
No. It is not true.
I lived outside the US for many years and never even filed my taxes because my income was less than $100,000 per year.
If you earn a bit more than that, or you have income from capital gains, then may have to report it and pay taxes, yes.
See IRS rules for “Foreign Income Exclusion”