What Is The Tax Exemption For Us Citizens Living Abroad?

December 10, 2022 ⚊ 1 Min read ⚊ Views 87 ⚊ BUSINESS

If they fulfil the filing requirements, which are typically similar to the standard deduction for your filing status, U.S. citizens must pay taxes on their overseas income. You might be perplexed as to why Americans must pay taxes on money generated overseas. Taxes in the US are determined by citizenship in place of residence. This implies that if you are regarded as a citizen of the United States, you must pay taxes regardless of where you live.

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