Voting rights groups warn that the SAVE Act, which requires documentation proving citizenship, adds a burden to people who have changed their last names.
I think many people also aren’t aware that you still have legal obligation to pay taxes to the US even if you move outside of the US. You’ll have to pay income tax to the US and whatever country you move to. Double tax burden.
I think many people also aren’t aware that you still have legal obligation to pay taxes to the US even if you move outside of the US. You’ll have to pay income tax to the US and whatever country you move to. Double tax burden.
Isn’t the first $130k exempt though? Also there is always renoincing citizenship later but yeah it could take a while before that happens
It’s called the foreign earned income exclusion.
Yeah, due to the high inflation, it’s gone up to $126,500 in 2024 from $107,600 in 2020.