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The Current State of Affairs in a Tweet
(lemmy.world)
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this post was submitted on 08 Oct 2024
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Please pay all the taxes you are supposed to, even if you leave.
Remember that you owe the US IRS forever, as a citizen abroad; even if you were already or become a citizen of another country. While the payments of your new-locale's taxes can be deducted from your American taxes, you're gonna be paying the greater number eventually (usually the American one, despite the reduced services).
Source: dual citizens in the family, and each has their own Tax Guy to keep the US stuff straight.
If you live outside of the US for 330 or more days out of the year, you qualify for FEIE, Foreign earned income exclusion.
you fill out one more IRS tax form, the FEIE form, at the same time as all your other tax forms, and you don't pay up to $120,000 in US income tax according to IRS regulations.
That's the US tax code.