this post was submitted on 08 Oct 2024
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The Current State of Affairs in a Tweet (lemmy.world)
submitted 2 months ago by alphanerd4@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[–] Varyk@sh.itjust.works 5 points 2 months ago

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.