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US Citizenship Based Taxation
Us Resigning Citizenship
Downsides
Info @ DTA Gov AU
Does Bulgaria Tax USA Dividend Income
How to Renounce
US Citizenship
Americans Get Out
Best Questrade Mutual Funds
Alien Comp
Legal Marriage in USA
Tax Rebate Meaning
U.S. China Dual
Citizenship
Latest Income
Section 12C of the Income Tax Act
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Most countries do not tax purely on citizenship. They tax based on tax residence, and tax residence does not automatically end just because you move abroad. That’s why people living outside the UK can still owe UK tax. ⸻ How countries like the UK actually tax people Using the UK as the clearest example: The UK taxes based on residency and source of income, not passport. You can live abroad and still pay UK tax if any of the following are true: 1. You are still considered a UK tax resident Reside
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Should you renounce US citizenship to save on taxes? 🤔 Short answer: it depends. Accidental American with no US ties? Maybe. Lifelong citizen who values the passport? Probably not. Before you decide: ✅ Try tax planning first ✅ Consider more than just money ✅ Remember: it's irreversible Need help figuring out your best move? Link in bio. 📩 #Expatriation #USCitizenship #ExpatTaxes #Renunciation #InternationalTax #TaxPlanning #McGowInTax
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Taxes don’t stop at the border. If you’re a U.S. citizen living abroad, you still have to file U.S. taxes every year. The U.S. taxes based on citizenship, not residency. For 2025 taxes (filed in 2026): • You may exclude up to $130,000 of foreign earned income if you qualify for the Foreign Earned Income Exclusion. • Expats automatically get a 2-month filing extension to June 15 (though interest can still apply). Always file, even if exclusions mean you owe $0. move abroad from USA how to leave t
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