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DarkBluemetal@lemmy.world to Progressive Politics@lemmy.world · 3 days ago

GOP push to restrict voting by overseas U.S. citizens continues before 2026 midterms

www.npr.org

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GOP push to restrict voting by overseas U.S. citizens continues before 2026 midterms

www.npr.org

DarkBluemetal@lemmy.world to Progressive Politics@lemmy.world · 3 days ago
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  • yonderbarn@lazysoci.al
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    2 days ago

    Not necessarily. A number of countries are exempt from double taxation.

    The United States has tax treaties with a number of foreign countries…Under these same treaties, residents or citizens of the United States are taxed at a reduced rate, or are exempt from foreign taxes, on certain items of income they receive from sources within foreign countries.

    https://www.irs.gov/businesses/international-businesses/united-states-income-tax-treaties-a-to-z

    You are still required to file, however, and usually you are able to use the Foreign Earned Income Exclusion to avoid taxation of most of your income as long as it doesn’t exceed a certain amount.

    If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation ($107,600 for 2020, $108,700 for 2021, $112,000 for 2022, and $120,000 for 2023).

    https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion

    • BeeegScaaawyCripple@lemmy.world
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      2 days ago

      that’s just a longer yes.

      • yonderbarn@lazysoci.al
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        6 hours ago

        You don’t pay any taxes if it’s in one of the treaty countries and your income doesn’t exceed ~$100k

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